CY settles with Mercury - NFC holds CYNorthern holds almost 4 million shares of CY. Looks like Northern will benefit with a rise in the price of CY shares tomorrow. The dispute is over and the settlement is as follows
Nature of SETTLEMENT:
a) GETS >>$ 1.1 Million in CASH<< payment.
b) RECEIVES 578,400 CY shares to be >>CANCELLED<<.
c) MUST >>SELL<< remaining CY shares (except GLOBAL SECURITIES CORP.) to independant third party (Could this be NORTHERN?).
d) MUST >>PERMANENTLY REMOVE<< themselves from the CY business scene.
e) MERCURY & al >>ADMIT NO GUILT<<.