RE:NR Update on litigation !And settled it will be. Why? Because the liability extends to Exn irrespective of Exn announcement that suggests the opposite.
Also, do not think Cahill was smart to criticise the judicial system and naming it corrupt. It is Mexico and when in Mexico you better play by the rule and act Mexican. The CEO of the Americas Gold and Silver encountered some issues in Mexico and tryed to play tough, but got his ARS*e kicked; worse, he destroyed shareholders values in USAS. Brendon, you better study the USAS story before criticizing the host country.
As previously described, the Judgment is solely against San Pedro and the Company believes that the Plaintiff has no recourse against Excellon’s other assets in Mexico (including Platosa), Idaho, Saxony or Canada. San Pedro is a wholly-owned, indirect subsidiary of the Company that holds the Miguel Auza processing facility and the original Miguel Auza mineral concessions, including the Evolucin mineral resource disclosed in September 2020. San Pedro generates minimal cash flows from milling fees charged to the Platosa Mine for ore processing and holds minimal working capital. The Platosa Mine is owned and operated by an entirely separate subsidiary.