REGULATION

Philippines laterite deal in dispute

A DISPUTE about the sale of a nickel laterite project in the Philippines has broken out, with the buyer wanting to pull out of the 2015 deal and be refunded part-payments made towards the purchase, and the ASX-listed vendor wanting to be paid the full amount agreed-upon.

Michael Quinn

Philippines laterite deal in dispute

Vendor Pelican Resources agreed in June 2015 to sell the Romblon project on Sibuyan Island to British Virgin Islands registered company Dynamo Atlantic for $A4.7 million. Dynamo subsequently handed over...

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