All tagged Spectrum Metals (ASX: SPX)
Spectrum Metals (ASX: SPX) has strongly defended against Venus Metals Corporation’s claims and has filed its defence in the Supreme Court.
Further to its announcements in October, Spectrum Metals (ASX: SPX) says that the proceedings commenced by Venus Metals Corporation were before the Supreme Court of Western Australia yesterday morning for directions following receipt of VMC’s statement of claim.
The Board of Spectrum Metals Limited (ASX: SPX) advises that as the market is aware, on 10 October 2019, Venus Metals Corporation commenced proceedings against (amongst others) Spectrum and its wholly owned subsidiary, Zebra Minerals Pty Ltd, with respect to Zebra’s acquisition of mining tenements at Penny West.
Spectrum Metals Limited (ASX: SPX) has advised that further to the Company’s announcement made on 10 October 2019 and now that all parties have filed appearances to the Supreme Court Proceedings, SPX will take all necessary steps to expedite the proceedings with a view to the trial being listed no later than the first quarter of 2020.