ConsTin served Chillagoe demand

WHILE previously saying its decision to terminate the Chillagoe deal should not expose it to any financial obligations, Consolidated Tin Mines has been served a notice of demand from equity fund Denham Capital, claiming the failure to complete the purchase of Auctus Minerals’ business means it owes A$4.3 million.

Chillagoe is centre of a new tussle.

02 April 2020
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The demand comprises a $1 million break fee and interest on the $2 million deposit, which was reportedly never paid.

ConsTin disputes that the notice is payable.

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