Settlement of dispute with minority shareholders
Filed with ASX · · 3 pages · English
Summary by 6ix AI
Earth's Energy Ltd has announced the settlement of a dispute with minority shareholders regarding a joint venture related to geothermal exploration licenses in South Australia. The company has signed a deed of termination, settlement, and release to resolve claims and terminate obligations under the joint venture agreement. Settlement payments and the transfer of joint venture interest are contingent upon obtaining shareholder approval within specified timeframes. If the settlement conditions are not met by the end of September, the deed will terminate, releasing all parties from obligations.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Earlier from Earths Energy
- September Quarterly Activities Report and Appendix 5B
- June Quarterly Activities Report and Appendix 5B
- March Quarterly Activities Report and Appendix 5B
- Response to ASX Query Letter - Securities Trading Policy
- Corporate Update
Later from Earths Energy
- Response to ASX Query Letter
- Suspension from Quotation
- Full Year Statutory Accounts
- Corporate Governance Statement and Appendix 4G
- Closing Date for Director Nominations
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