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BRIEF-MEC Resources updates on dispute with BPH Energy and Grandbridge

Published 21/07/2017, 06:46 pm
© Reuters.  BRIEF-MEC Resources updates on dispute with BPH Energy and Grandbridge
MMR
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July 21 (Reuters) - MEC Resources Ltd MMR.AX

* Update on dispute with BPH and GBA

* Claims between each of bph energy ltd, grandbridge ltd and mec have been temporarily suspended

* Withdrew its statutory demand issued to BPH Energy Ltd on 3 July

* Confirms that a settlement conference will be held between company, Bph Energy Ltd and Grandbridge Ltd

* "Withdrawal of statutory demand by mec should not be construed as mec resiling from amounts it alleges are owed to it"

* Statutory demand was issued to BPH Energy in relation to alleged default on repayment by BPH Energy LTD under formal loan agreement

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