CORPORATE ACTIVITY
ASX-listed Cape Lambert Resources has launched legal action in the High Court of Sierra Leone against Gerald Metals, Timis Mining Corporation and others over overdue royalty payments.
The company in 2014 inked a binding term sheet with Timis Mining to provide financing of $20-million to assist the company with its acquisition of the Marampa iron-ore mine, in Sierra Leone, from the administrators of London Mining.
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