DNI Metals issues Cougar Metals a Default Notice
July 24 2019 - 8:47PM
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 – CSEDMNKF - OTCIssued: 134,402,603
For further information, contact:DNI Metals Inc.
– Dan Weir, CEO 416-720-0754DanWeir@dnimetals.comAlso visit
www.dnimetals.com
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