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Fox Marble enlists Dentons CS Europe to begin €195 million claim against Kosovan Government
StockMarketWire.com
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Marble quarrying company Fox Marble said it had enlisted the services of Dentons CS Europe LLP to carry out its €195 million claim against the Republic of Kosovo for failing to protect the company's rights over the Malesheve quarry.
The company said it would raise £1.05 million through an equity placing of 65.5 million at a price of 1.6 pence per share for litigation costs and had also secured firm commitments of a further £0.5 million in the form of litigation funding from private investors.
'We remain steadfast in our belief the Kosovan Government is in clear breach of its responsibilities towards the company as a foreign investor in Kosovo and that this legal action is in the best interests of its shareholders and employees,' the company said.
At 9:58am: (LON:FOX) Fox Marble Holdings share price was 0p at 1.95p
Story provided by StockMarketWire.com
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