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Further information regarding settlement in Tambao

5th Apr 2013 13:00

RNS Number : 7009B
Weatherly International PLC
05 April 2013
 



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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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