Rox Settles Marindi Litigation

Rox Settles Marindi Litigation

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  • July 27, 2017

Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to announce that Marindi Metals Limited (“Marindi”) has agreed to discontinue the Supreme Court proceedings it commenced against the Company.
Under the settlement terms a payment of $300,000 cash will be made to Marindi by Rox (equivalent to the Break Fee in the original Marindi offer). Each party will bear its own costs up to this point, and will have no further claims against the other.

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