Glen Eagle Resources Accepts $2M Court Judgment

Glen Eagle Resources (TSE:GER) has released an update.

Glen Eagle Resources Inc. has decided not to appeal the court’s decision to homologate a judgment requiring the company to pay Gem Yield Bahamas Limited nearly $2 million in compensation and penalties. This resolution follows an arbitration that awarded a lesser amount than originally sought by GEM. The company is accepting the financial obligations as ordered without further legal contest.

For further insights into TSE:GER stock, check out TipRanks’ Stock Analysis page.