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BRIEF-MEC Resources provides update on dispute with Grandbridge Ltd

Published 13/09/2017, 05:37 pm
© Reuters.  BRIEF-MEC Resources provides update on dispute with Grandbridge Ltd
MMR
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Sept 13 (Reuters) - Mec Resources Ltd MMR.AX

* Received a writ of summons on behalf of Grandbridge Ltd

* MEC Resources - "Company believes claim is of no legal merit and company will strongly defend its position"

* Company has been advised that no funds are owed to Grandbridge Ltd pursuant to the agreement

* MEC Resources - Writ asserts payment should be made pursuant to agreement between co & Grandbridge that commenced in 2005, & was terminated in late 2016

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