4 August 2022
Star Phoenix Group Ltd
("Star Phoenix" or the "Company")
Lodgment of Claim Against Range Resources Trinidad Limited
Star Phoenix, an AIM listed company (AIM: STA) focused on growth through attractive opportunities, provides the following update in relation to its wholly owned subsidiary in Trinidad, Range Resources Drilling Services Limited ("RRDSL").
RRDSL, through its attorney (Robin B. Ramoutar & Co), has submitted three claims at a total amount of approximately TT$14.9 million (£1.78 million) against Range Resources Trinidad Limited ("RRTL" or the "Defendant") in the Supreme Court of Trinidad and Tobago in respect of breach of loan, service and equipment rental contracts from the Defendant (the "Claims"). A Court date will be scheduled in due course.
The Company will provide updates as appropriate.
This announcement has been approved by Chairman Lubing Liu on behalf of the Company.
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Contact Details
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Star Phoenix Group Ltd Robin Luo (Company Secretary) t. +61 8 6205 3012 | WH Ireland Limited (Nominated Adviser and Broker) James Joyce / Ben Good t. +44 (0)20 7220 1666 |
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