Edition:
United Kingdom

Atalaya Mining Updates On Result Of Appeal In Astor Case


Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Atalaya Mining PLC ::ATALAYA MINING PLC - RESULT OF APPEAL.ATALAYA MINING PLC - JUDGMENT WAS HANDED DOWN IN ASTOR CASE IN COURT OF APPEAL EARLIER TODAY.ATALAYA MINING PLC - COURT OF APPEAL CONFIRMED RULING FROM HIGH COURT MADE ON 6 MARCH 2017, WHICH WAS ANNOUNCED BY COMPANY.ATALAYA - OTHER THAN $10 MILLION A YEAR REQUIRED FOR NON-PROYECTO RIOTINTO EXPENSES, ATALAYA RIOTINTO CANNOT MAKE MONEY DISTRIBUTION LENT BY HOLDING CO.ATALAYA - WILL NOT ASK FOR PERMISSION TO APPEAL FOR ASTOR CASE AND EXCESS CASH WILL BE USED TO PAY DEFERRED CONSIDERATION. 

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