Business
Update - Viso Gero Global Inc
Update - Viso Gero Global Inc.
About this update from Arc Minerals Limited
[{"type":"text","content":"\n\n Templar Minerals Limited 12 August 2008 \n \n12 August, 2008\n\nTemplar Minerals Limited \n(\"Templar\" or the \"Company\")\n\nUpdate - Viso Gero Global Inc \n\nTemplar Minerals (AIM: TMP), advises that further to its announcement of 13 June 2008 that it had not yet completed payment to Viso Gero Global Inc. (\"VGG\") for the purchase of a further 143,290,000 ordinary shares in River Diamonds Plc (\"River Diamonds\"), the Company wishes to advise that the status quo remains.\n\nThe Company is taking legal advice on the terms of the agreement between itself and VGG and simultaneously carrying out a legal and accounting investigation into alleged actions by VGG or persons acting on behalf of VGG which may affect the agreed purchase price. Pending the result of those investigations the purchase price has been withheld. If necessary the results of the ongoing investigation will be put before an appropriate court for determination.\n\nTemplar will advise of any changes to the situation when information becomes available.\n\n\nContact:\n\nTemplar Minerals Limited: +27 79 872 7587\nGordon Cassidy, Finance Director\n\nBeaumont Cornish Limited: +44 (0) 20 7628 3396\nRoland Cornish, Rosalind Hill Abrahams\n\n\n\n\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCEANPAFLLPEEE\n\n","length":3043,"tagName":"div"}]