Metallica subsidiary faces liquidation over royalty SNAFU

BELEAGURED bauxite hopeful Metallica Minerals is hoping it can settle a case of missing royalty agreements this week, and avoid having to liquidate a subsidiary that could open the company and past directors to a multi-million dollar claim.

Metallica subsidiary faces liquidation over royalty SNAFU Metallica subsidiary faces liquidation over royalty SNAFU Metallica subsidiary faces liquidation over royalty SNAFU Metallica subsidiary faces liquidation over royalty SNAFU Metallica subsidiary faces liquidation over royalty SNAFU

Investigations continue into Nornico.

Metallica was forced to put its wholly-owned Nornico into the hands of McGrath Nicol last month after it realised that only one of three royalty agreements over the Sconi nickel-cobalt was transferred

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