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News: GMC Gulf Manganese Corporation Says Co & Mighty River International To Settle All Claims

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    24/12/18
    11:30
    Post #: 36950867

    Dec 24 (Reuters) - Gulf Manganese Corporation Ltd (GMC) :

    • COMPANY & MIGHTY RIVER INTERNATIONAL LTD TO SETTLE ALL OUTSTANDING CLAIMS AND DISMISS ACTION IN AUSTRALIAN COURT
    • UNDER SETTLEMENT, GMC WILL ISSUE TO MRI 100 MILLION GMC SHARES AND 100 MILLION GMC LISTED OPTIONS AS A PLACEMENT
    • MRI AGREED TO CASH SUBSCRIPTION OF 20 MILLION GMC SHARES AT 1.5 CENTS WITH 20 MILLION FREE ATTACHING GMC LISTED OPTIONS AT 0.5 CENTS
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