Brimstone lights new fire in spat

THE Penny’s Find joint venture imbroglio has moved into Western Australia’s Supreme Court, with Empire Resources (60%) subject to an injunction application from ‘delinquent’ partner Brimstone Resources seeking to block any moves under the JV agreement to move on Brimstone’s 40% interest.

Brimstone lights new fire in spat Brimstone lights new fire in spat Brimstone lights new fire in spat Brimstone lights new fire in spat Brimstone lights new fire in spat
Brimstone is claimed to owe Empire more than A$1 million, which Empire says was due for repayment by June 6.
 
It said Brimstone only paid up $80,000, leaving it apparently short $1.02 million.
 
In order to protect its claim over Penny's Find, yesterday Brimstone asked the court to grant an injunction to prevent its partner taking action under the mortgage and security documents it has over Brimstone's interest in the PFJV and any other properties.
 
Empire says its lawyers will stare down those acting for Brimstone and oppose the injunction application in a showdown likely to be held early next week.
 
The battle for Penny's Find, a small but profitable gold mine ju...

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