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BRIEF-Magnetic Resources updates on claim by former Managing Director

Published 07/04/2016, 02:21 pm
Updated 07/04/2016, 02:30 pm
© Reuters.  BRIEF-Magnetic Resources updates on claim by former Managing Director

April 7 (Reuters) - Magnetic Resources NL MAU.AX :

* Claim by former managing director MAU.AX

* Claim is for $199,375 and the issue of 295,889 shares in the company

* Co and its officers have been named in a legal action by former Managing Director, Gavin Fletcher

* Allegations are strongly disputed and company is currently taking legal advice to protect the interest of all shareholders

* Legal action by Gavin Fletcher is in relation to unpaid termination benefits

* Source text for Eikon ID:nASX22G3bv

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