Eastern Platinum (Eastplats) along with Eastplats Acquisition and Eastern Platinum Holdings, has agreed with the defendants and certain other parties to settle and dismiss the outstanding lawsuits filed in the British Columbia Supreme Court Action No. S-186503 and Action No. S-179666 and to settle certain related disputes.
The settlements of the filed lawsuits provide for an amount of C$4-million in cash to be paid to Eastplats.
The terms of the settlements are confidential and no party to them has admitted any wrongdoing or liability, the company stated on June 21.