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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: Re: Dispute with GOG
1
Nov 20, 2009 07:46AM

Oops, I see now that the securitization issue was only one part (A) of the first dispute with GOG. So the other issues may still be oustanding. In any case, I think this was the most important issue to be solved.

"Among the breaches of ECU which Golden Tag believes will be substantiated at arbitration are that ECU :

(A) Allowed a third party charge against the Property contrary to the JVA.

(B) Invoiced Golden Tag for joint-venture expenses but did not remit the funds to pay joint venture suppliers on a timely basis, some suppliers still being unpaid.

© Failed to timely contribute its equivalent pro rata share of funding to the joint venture.

(D) Failed to follow proper procedures and timely financial reporting."


Nov 20, 2009 08:56AM
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Nov 20, 2009 09:06AM
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Nov 20, 2009 09:43AM
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