Triton Minerals (ASX:TON) has issued a letter of demand to NQM Gold, a unit of Shandong Yulong Gold, after NQM failed to pay AU$3.42 million under an amended share sale agreement, according to a Monday filing with the Australian bourse.
The payment, due on Feb. 28, remains unmet despite negotiations. The company has now issued the letter to NQM in March. 7, requiring payment of the outstanding amount by March 11, the filing said.
Triton has reserved all its rights in relation to the breach and is seeking legal advice as it explores its options, the company said.
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