DNI Metals issues Cougar Metals a Default Notice
25.07.2019 | GlobeNewswire
TORONTO, July 24, 2019 - DNI Metals Inc. (DNI: CSE; DMNKF: OTC) ("DNI" or the "Company")
On September 24, 2018 a Settlement Agreement (the “Agreement”) was reached between DNI Metals Inc. (“DNI”) and Cougar Metals NL (“Cougar”).
DNI has issued Cougar a notice of breach for failure to observe the non-disparagement obligations in the Settlement Agreement.
The Agreement provides that DNI is entitled to suspend payment of the balance of the Settlement Amount pending determination of any dispute regarding Cougar’s breach by the arbitrator.
DNI – CSE
DMNKF - OTC
Issued: 134,402,603
For further information, contact:
DNI Metals Inc. – Dan Weir, CEO 416-720-0754
DanWeir@dnimetals.com
Also visit www.dnimetals.com