Business
American CuMo and IEMR(HK) have agreed to dismiss the application by IEMR(HK) to appoint a receiver
American CuMo and IEMR(HK) have agreed to dismiss the application by IEMR(HK) to appoint a receiver.
About this update from Multi-metal Dev Ltd.
[{"type":"text","content":"\n\n\n\nAmerican CuMo and IEMR(HK) have agreed to dismiss the application by IEMR(HK) to appoint a receiver\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAmerican CuMo and IEMR(HK) have agreed to dismiss the application by IEMR(HK) to appoint a receiver\nPR Newswire\nVANCOUVER, Jan. 27, 2015\n\n\n\nVANCOUVER, Jan. 27, 2015 /PRNewswire/ -  American CuMo Mining Corporation (\"CuMoCo\" or the \"Company\") (TSXV: MLY; OTCQX: MLYCF) wishes to announce the Company and International Energy & Mineral Resources Investment (Hong Kong) Company Limited (\"IEMR HK\") have agreed to settle IEMR HK's existing receivership application (the \"Existing Receivership Application\") and American CuMo's application for security for costs (the \"Security for Costs Application\"), both scheduled for hearing on January 27 and 28, 2015.  \n\nThe terms of the agreement are as follows:\n\n\nThe parties will consent to an order dismissing the Existing Receivership Application (the \"Order\") on the follows terms: (a)  the Order will be without costs to either party; (b)  the Order will state that it is made without prejudice to IEMR HK's right to proceed with the Action on the basis of the facts alleged in the Notice of Civil Claim and without prejudice to any future right IEMR HK has under the subject notes and security agreement (the \"Notes and Security\"), including the right to bring a new application for the appointment of a receiver in the event a judgment is made in the Action in favour of the Plaintiff or there is a default under the Notes and Security other than a default arising out of the facts alleged in the notice of application filed in the Existing Receivership Application; (c)  the Order will state that IEMR HK shall not bring any further interlocutory applications for a receiver unless there is a future default under the Notes and Security other than a default arising out of the facts alleged in the notice of application filed in the Existing Receivership Application; \nThe parties will consent to an order dismissing the Security for Costs A...