The Financial Post reports in its Friday1-07-22 09:03 ET - In the News
The Financial Post reports in its Friday, July 22, edition that Goldbrook Ventures (26.5 cents) said it will take any steps necessary to restore its 25-per-cent interest in its Nunavik nickel project after receiving a favourable decision from an arbitration panel. A Reuters dispatch to the Post reports that Goldbrook, listed on the TSX Venture Exchange, explores and develops nickel-copper-platinum group element sulphide deposits. Goldbrook owns 25 per cent of voting shares of Jien Canada Mining, a wholly owned unit of China's Jilin Jien Nickel Industry and the owner of the nickel-copper-cobalt-platinum-palladium-gold deposits in the Raglan mining district in Northern Quebec, which collectively form the Nunavik nickel project. Last October, Goldbrook started arbitration proceedings against Jilin Jien complaining of improper reduction of its interest to 4.21 per cent in the nickel project. The arbitration tribunal said Goldbrook is entitled to be the holder of 25 per cent of the voting shares. Goldbrook shares have a 52-week range of 15 cents to 39 cents.