Mr. Karl Trudeau reports

The court has homologated the judgement, ordering Glen Eagle Resources Inc. to pay Gem Yield Bahamas Ltd. a compensation of $1,875,895 including interest and $90,000 in penalty.

The amount awarded by the arbitrator Simon Potter on Sept. 8, 2022, was $1,502,583 or less than half of what GEM was seeking.

The company has no intention to appeal the decision.