TAM 0.00% 2.8¢ tanami gold nl

Ann: Company Update, page-2

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  1. 494 Posts.
    Initially hard to work out what this means exactly with the legal speak.

    "On 13 April 2015 Tanami commenced legal proceedings in the Supreme Court of Western Australia against Metals X for relief in the form of a declaration that as a result of the vote at the general meeting on 13 April 2015, the condition of the Metals X HoA in relation to shareholder approval required by Tanami has not been satisfied."

    I read it as, Tanami are saying the MLX contract was conditional on share holder vote, the share holders voted and want a retraction from MLX?

    Any one else see anything different?

    Regards Mark H
 
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