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Chinese firm hits Eastplats with civil claim

By:  
Creamer Media Staff Writer
 
PLATINUM
China-based precious metals mining services provider Hebei Zhongheng Tianda Platinum (HZT) has filed a notice of civil claim against dual-listed Eastern Platinum (Eastplats) and several of its subsidiaries. The civil claim, filed in Canada’s British Columbia Supreme Court, in Vancouver, relates to an alleged repudiation and breach of the share purchase agreement (SPA), dated June 28, which Eastplats’ former management entered into with HZT prior to the election of Eastplats’ new board of directors in July.
 
 
 
 
 

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