TAO 0.00% 7.3¢ tao commodities ltd

IPO - Tao Commodities Ltd, page-176

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    Second supplementary prospectus was lodged yesterday. In it, you'll see the dispute proceedings have been "settled" - further info and specifics in the doc itself.

    On 15 March 2018 the Company and the Vendor executed a deed of settlement and
    release pursuant to which the Company and the Vendor agreed to settle the Disputes.
    By way of summary, the Vendor and the Company have agreed:
    (a) to dismiss the Proceedings;
    (b) that the Company will issue an additional 509,167 Shares and 2,000,000 Options
    to the Vendor which are to be escrowed for 24 months;
    (c) to bear their own Costs; and
    (d) release and discharge each other from all Claims arising out of or in connection
    with the Disputes.
 
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Currently unlisted public company.

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