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El Capitan Precious Metals Reports Breach of Contract by Buyer of Concentrates
El Capitan Precious Metals Reports Breach of Contract by Buyer of Concentrates.
About this update from El Capitan Precious Metals Inc
[{"type":"text","content":"\n \n El Capitan Precious Metals, Inc. (OTCQB: ECPN) reported today that the \n Company was informed on March 30, 2018, that the contracted buyer to \n purchase and process the concentrates from El Capitan Precious Metals \n had decided not to process the material, and instead is offering to ship \n the material back to El Capitan Precious Metals.\n \n \n This information was relayed by legal counsel for the purchaser in \n response to inquiries by the Company regarding the timely payment for \n the recovered metal that El Capitan Precious Metals had been informed \n had been successfully recovered from the concentrate material over the \n 60 days prior to the contracted payment date.\n \n \n El Capitan Precious Metals is investigating the matter, and will take \n all necessary and proper steps to pursue civil and criminal litigation \n of the matter, if appropriate upon further investigation, once the \n material is returned.\n \n \n The Company will provide more details at the 2018 Shareholder Meeting \n scheduled for Wednesday, May 23, in Scottsdale, Arizona. It will be held \n at the Gainey Ranch Golf Club and is scheduled to begin at 10:00 a.m. \n local time. The meeting agenda will include detailed updates on \n operations and revenue generation.\n \n \n About El Capitan Precious Metals, Inc.:\n \n \n El Capitan Precious Metals, Inc. is an exploration stage company (as \n defined by the Securities and Exchange Commission’s Industry Guide 7) \n based in Scottsdale, Arizona that is principally engaged in the \n exploration of precious metals and other minerals. The Company’s primary \n asset is its wholly owned subsidiary El Capitan, Ltd., an Arizona \n corporation, which holds the 100% equity interest in the El Capitan \n property located near Capitan, New Mexico. www.elcapitanpmi.com\n \n \n Forward-Looking Safe Harbor Statement:\n \n \n The statements included in this press release concerning predictions of \n economic performance and management’s plans and objectives constitute \n forward-looking statements made pursuant to the safe harbor provisions \n of Section 21E of the Securities Exchange Act of 1934, as amended, and \n Section 27A of the Securities Act of 1933, as amended. Forward-looking \n statements are statements that are not historical facts. Words such as \n “expect(s),” “...