September 13, 2017 / 7:40 AM / 2 months ago

BRIEF-MEC Resources provides update on dispute with Grandbridge Ltd

Sept 13 (Reuters) - Mec Resources Ltd

* Received a writ of summons on behalf of Grandbridge Ltd

* MEC Resources - “Company believes claim is of no legal merit and company will strongly defend its position”

* Company has been advised that no funds are owed to Grandbridge Ltd pursuant to the agreement

* MEC Resources - Writ asserts payment should be made pursuant to agreement between co & Grandbridge that commenced in 2005, & was terminated in late 2016 Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below