GREY:DMNKF - Post by User
Post by
louiscon Jun 28, 2019 3:12pm
157 Views
Post# 29874611
and right on schedule ...
and right on schedule ...Cougar Metals NLABN 27 100 684 053www.cgm.com.au27June2019VOHITSARA GRAPHITEPROJECTDNI METALS INC DEFAULTCougar Metals NL (Cougaror the Company) advisesthat it has served DNI Metals Inc (DNI) a Notice of Default in relationtothe settlementagreementbetween the two parties dated24 September 2018. The Company notes that DNI defaulted on the first instalmentof the settlement, however rectified the default by paying the sum of CAD$250,000 within 30 days of the default.Cougar intends to pursue its rights in respect of the settlement and as such has notified DNI of the default. DNI now have 30 days to rectify the defaultby paying a furtherCAD$250,000 by25 July 2019or the full remaining settlement amount, being CAD$2,250,000,becomesimmediately due and payable.