Home Page
22:04:30 EDT Sat 20 Sep 2014
Enter Symbol
or Name
USA
CA



NWT Uranium Corp
Symbol C : NWT
Shares Issued 132,141,342
Close 2012-12-11 C$ 0.045
Recent Sedar Documents

NWT Uranium claims Union owes it $500,000

2012-12-12 13:24 ET - Street Wire

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Mike Caswell

NWT Uranium Corp. has filed a petition in the Supreme Court of British Columbia in which it claims that Union Securities Ltd. owes it $500,000, and that the debt is secured by all of Union's assets. NWT says that the money was a deposit on a proposed $10.8-million investment in the firm that was never completed. After the investment agreement fell apart, Union failed to repay the money, the petition states.

The allegations are contained in a petition that NWT filed at the Vancouver courthouse on Monday, Dec. 10. In addition to Union, the document names as a respondent PI Financial Corp., which acquired Union in August, 2012.

According to the brief petition, Union found itself in financial difficulty some time prior to March, 2012, and it sought money from NWT. The company agreed to invest up to $10.8-million in Union, and to provide a $500,000 refundable deposit. NWT says it later registered a financing statement which stated that the investment was secured by all the assets of Union.

The remainder is available to Stockwatch subscribers. Click the yellow link above for a free trial subscription.

© 2014 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.


Comments for this item are closed