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MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Capital Mining Limited    CMY   AU000000CMY4

CAPITAL MINING LIMITED (CMY)
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Capital Mining : Commencement of action against Broken Coast Cannabis Ltd

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09/20/2016 | 06:30am CEST
Capital Mining LimitedASX: CMY, CMYO

Level 11, 216 St Georges Tce

Perth WA 6000

Telephone +61 8 9481 0389

Fax +61 8 9463 6103

www.capitalmining.com.au

Directors

Mr Peter Torney Mr Peter Dykes

Mr Anthony Dunlop

Company Secretary

Mrs Elizabeth Hunt

ASX Release

20 September 2016

COMMENCEMENT OF ACTION AGAINST BROKEN COAST CANNABIS LIMITED

Capital Mining Limited (ASX: CMY) ('Capital' or 'the Company') advises that it has commenced an action in the District Court of Western Australia against Broken Coast Cannabis Limited ('BCC').

Under the terms of the written agreement between Capital and BCC, announced on 9 March 2015, Capital loaned C$500,000 to BCC to be used by BCC for operating costs, and capital expenditure in the ordinary course of BCC's business. Capital announced the termination of the agreement with BCC on 20 July 2015, and demanded repayment of the loan. BCC has failed to repay any part of the loan.

Capital's claim against BCC is for (amongst other things) the repayment of the loan.

ENDS

Peter Dykes Director

Capital Mining Limited published this content on 20 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 September 2016 04:30:01 UTC.

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Managers
NameTitle
Anthony John Dunlop Non-Executive Chairman
Shannon Davis Executive Director
Christopher Yong Secretary
Raymond Muskett General Manager-Exploration
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