Davyhurst Gold Project Refurbishment Contract - Settlement Deed Variation

Company News

Further to its ASX announcement of 13 August 2018, GR Engineering Services Limited (GNG.ASX) (GR Engineering) wishes to update the market in relation to the settlement deed with Eastern Goldfields Limited (EGS.ASX) (Eastern Goldfields) and others to fully and finally settle all claims in relation to the Davyhurst Gold Project Refurbishment Contract (Settlement Deed).

GR Engineering confirms that it has agreed to vary the terms of the Settlement Deed such that it will now be paid the last instalment of $8.25 million settlement sum on 30 November 2018, following Eastern Goldfields having received the proposed shareholder approvals for its recapitalisation.

ASX News Release 04/10/2018

ASX News Release 13/08/2018

Category: Company News