EASTPLATS ANNOUNCES LAWSUIT FILED BY HEBEI ZHONGHENG TIANDA
https://www.moneyweb.co.za/mny_sens/eastern-platinum-limited-eastplats-announces-lawsuit-filed-by-hebei-zhongheng-tianda-platinum-co-limited/ December 9, 2016, Vancouver, British Columbia Eastern Platinum Limited (Eastplats or the Company) announces that Hebei Zhongheng Tianda Platinum Co. Limited (HZT) has filed a notice of civil claim in the British Columbia Supreme Court against the Company and several of its subsidiaries with respect to an alleged repudiation and breach of the share purchase agreement dated June 28, 2016 entered into with HZT by former management of the Company (the Purchase Agreement). Further details with respect to the terms and conditions of the Purchase Agreement and related transactions are described in the Companys prior filings, including its management discussion and analysis for the period ended September 30, 2016, as filed on the Companys SEDAR profile at www.sedar.com. The action seeks, among other relief, specific performance of the Purchase Agreement or damages in lieu thereof and costs. The Company intends to vigorously defend against the action and to refute many of the facts and allegations made in the claim. Once the Company and its subsidiaries have been formally served with the claim they will respond in due course.