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Maxim Resources and New Scotland Oil and Gas announce settlement agreement


Published Jun 5, 2014
Maxim Resources Inc.

Maxim Resources Inc., and New Scotland Oil and Gas Ltd. (NSOG), have concluded settlement negotiations and entered into a Settlement Deed & Agreement with respect to litigation between the Company and Jasmin Oil & Gas Limited (Jasmin).

On April 16, 2012 (and amended on June 11, 2012) Maxim commenced a legal claim (referred to as Claim No. CV2012-01528) in the High Court of Justice in Trinidad and Tobago, (the "Action"). This Action was against Jasmin, and directors, Mr. Charles Cook and Mr. Kenneth Macleod (collectively the "Defendants").

Tags: Maxim Resources Inc.




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