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

posted on Aug 09, 2019 01:45PM
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2019-08-09 12:44:43 PM ET (Reuters)
   
   

Aug 9 (Reuters) - Gowest Gold Ltd:

* 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: Further company coverage:
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