SAL - Sallies And Honeywell Arbitration Witness He
SAL
SAL
SAL - Sallies And Honeywell Arbitration Witness Hearings To Begin
SALLIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1903/001879/06)
Share code SAL & ISIN ZAE000022588
("Sallies")
Sallies and Honeywell arbitration witness hearings to begin
In the matter between Sallies/Witkop fluorspar mine and Honeywell, whereby
Sallies/Witkop is claiming US$ 1,067,327 from Honeywell for payment of
material delivered and Honeywell is claiming US$ 6,847,305 from
Sallies/Witkop for damages as a result of breach of contract, shareholders
are advised that witness hearings before the Arbitral Tribunal in Zurich
will take place on the 20th, 26th and 27th September.
The Tribunal may take some time, after the conclusion of the witness
hearings, to reach a decision. This decision can be appealed by both
parties should they wish to do so.
Johannesburg
19 September 2007
Sponsor
Sasfin Capital
(A division of Sasfin Bank Ltd)
Date: 19/09/2007 13:05:08 Produced by the JSE SENS Department.
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