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Eco Oro Minerals Corp C.EOM

Alternate Symbol(s):  GYSLF

Eco Oro Minerals Corp. is a Canadian precious metals exploration and development company. The Company was focused on the development of the Angostura Project in northeastern Colombia, which consists of the main Angostura deposit and its five satellite prospects. The International Centre for Settlement of Investment Disputes (ICSID) Arbitration Claim became the core focus of the Company.


CSE:EOM - Post by User

Post by sailor8on May 06, 2022 7:54pm
392 Views
Post# 34663843

US$696 million plus interest at a rate of 6.6 percent p.a.

US$696 million plus interest at a rate of 6.6 percent p.a....The Company is seeking US$696 million plus interest at a rate of 6.6 percent per annum, compounded semiannually, as compensation for damages the Company sustained as a result of Colombia’s measures. The Company has not recorded any amount in the financial statements as a contingent gain due to the ultimate uncertainty of the outcome...

OUTLOOK 
Notwithstanding the continuation of the ICSID Arbitration, the Company remains open to engagement with the
Colombian authorities in order to achieve an amicable resolution of the dispute.
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source: MD&A from May 02., 2022, available on SEDAR

Nice price tag also for Minesa  (the Arabs), if they in some way can make some magic in the hopeless Colombian political wilderness.

In the MD&A  is also a larger part about our CVRs written. Something for weekend reading perhaps.
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BTW: On SEDAR is also the new "Audited Annual Financial Statement" available
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