New Energy Minerals Ltd (ASX:NXE) Settlement of Disputes with Arena - ABN Newswire (@ABN_Newswire)
New Energy Minerals Ltd (ASX:NXE) Settlement of Disputes with Arena OTCMKTS:MTTGF) announces that it has reached a settlement with Arena Structured Private Investments (Cayman) LLC ("Arena"), in relation to a $2.5 million (face value) convertible note facility provided to the Company which has been the subject of a claim by Arena and counterclaim by New Energy following the termination of the Convertible Note Deed in November 2018. The Convertible Note Deed was executed on 5 January 2018 and followed by an Amendment Deed executed on 22 May 2018 and a Consent Deed executed on 13 Augus...