Brief: PGB Timmins Delivers Default Notice To Gowest Gold & Terminates Pre-Paid Forward Gold Purchase Agreement

Gowest Gold

09/08/2019 17:44

Aug 9 (Reuters) - Gowest Gold Ltd  GWA.V :
    * PGB TIMMINS HOLDINGS DELIVERS DEFAULT NOTICE AND
TERMINATES
PRE-PAID FORWARD GOLD PURCHASE AGREEMENT
    * GOWEST GOLD - PGB TIMMINS HOLDINGS HAS DELIVERED TO CO A
NOTICE
OF EVENTS OF DEFAULT AND TERMINATION AND A NOTICE OF INTENTION
TO ENFORCE SECURITY
    * GOWEST GOLD - PGB ALLEGES CERTAIN DEFAULTS BY CO OF ITS
OBLIGATIONS UNDER DECEMBER 16, 2016 DATED PRE-PAID FORWARD GOLD
PURCHASE AGREEMENT
    * GOWEST GOLD - PGB TERMINATED PRE-PAID FORWARD GOLD
PURCHASE
AGREEMENT & DEMANDED EARLY TERMINATION FEE UNDER AGREEMENT IN
AMOUNT OF $25.5 MILLION

Source text for Eikon:  ID:nGNX1pfxfp 
Further company coverage:  GWA.V 

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