Golden Tag had sought relief by way of i) dilution of ECU Silver’s 50% interest in the San Diego Property, ii) application to have Golden Tag appointed Operator, and iii) request for damages. The decision of the Arbitration Panel concludes that no dilution of ECU Silver’s interest is warranted, Golden Tag is not appointed Operator and no damages are warranted and payable to Golden Tag by ECU Silver.
Way to go. Three out of three. Now we have one less drain of time and resources. It will be interesting to see if there any share price reactions in the future. This is another positive that Steve and Mark can take to the Toronto show on Saturday and Sunday.