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Viking Mines (ASX: VKA) receives final payment of A$3.30M in Ghana litigation

September 25, 2023 03:47 PM AEST | By Manisha
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Highlights

  • VKA’s subsidiary, Resolute Amansie Ltd has received AU$3.30 million as final settlement with the defendants in the Ghana’s litigation matter.
  • The payments have been completed following the court judgement of January 2023.

Battery metals explorer focused on critical mineral vanadium, Viking Mines Ltd (ASX: VKA) shared an update on the ongoing legal claim in Ghana against Akoase Resources Ltd, Cheng Yi and BXC Company Ghana Ltd from Viking’s wholly owned subsidiary Resolute Amansie Ltd (RAL).

The Defendants have made a payment of US$2.12 million or AU$3.30 million to Resolute Amansie as the final part of the amount decided in the judgement by the High-Court of Ghana (Commercial Division) earlier this year. As of 22 September 2023, the company holds cash and receivables of AU$5.9 million.

 

 


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