NSL Consolidated Ltd (“NSL or Company”) wishes to provide an update regarding the writ of summons received in relation to its 4 Coal EPC’s held in Queensland.
As previously disclosed the Company received a writ of summons in relation to a Coal Acquisition Agreement dated 15 June 2011 with Birmanie Nominees Pty Ltd (the vendor under the agreement) relating to 4 coal EPCs in Queensland.
The writ alleges that NSL has failed to meet various obligations under the Coal Acquisition Agreement.
The trial commenced on 18 May 2017 and was listed to end on 26 May 2017. However, the trial was part-heard and has been listed for a further 3 days on 20, 21 and 23 June 2017.
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