5th Apr 2013 13:00
Weatherly International plc ('Weatherly')
Settlement in Tambao Project Arbitration Proceedings
Further to this afternoon's announcement, Weatherly International (AIM:WTI) provides some additional information in relation to the settlement between Wadi and the Government of Burkina Faso in the Tambao Project Arbitration Proceedings. As a result of arbitration proceedings being discontinued, Wadi has paid Weatherly US$2million as full reimbursement of expenses incurred on Wadi's behalf.
For further information please contact:
Weatherly International Plc +44 (0) 20 7917 2989
Rod Webster, Chief Executive Officer
Dean Friday, Investor Relations
Canaccord Genuity Limited +44 (0) 20 7523 8000
Andrew Chubb, Andrei Kroupnik
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