Johannesburg - Eastern Platinum (Eastplats) wants to have
a claim set aside as frivolous and vexatious.
In a statement issued on Monday, it said it has taken
steps to oppose and have struck as frivolous and vexatious, a claim recently
filed in South Africa made by Alpha Global Capital.
In its statement, Eastplats says, as previously disclosed
in 2007 and after that, in connection with its acquisition of an additional 5
percent interest in Barplats Investments, which indirectly holds the Crocodile
River Mine, its subsidiary Eastplats International, agreed to pay R30.8 million
to Aplha.
It says Alpha Global is now seeking payment of this
amount, and other relief in connection with that agreement.
Read also: Eastplats prepares for battle with HZT
However, Eastplats says it is of the view that no amount
is currently owing to Alpha Global and as a result it is not entitled to any
remedy in connection with its alleged claim.
“The company has taken steps to oppose the claim and to
have it struck as frivolous and vexatious and is seeking costs against Alpha
Global.”
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