Anax Metals (ASX:ANX) has withdrawn its arbitration proceedings against a cornerstone investor over a disputed marketing agreement, confirming the convertible note remains valid and no default has occurred, according to a Thursday filing with the Australian bourse.
On June 24, the company filed for arbitration against a cornerstone investor over unresolved exclusive marketing rights tied to a convertible note deal, the filing said.
However, the company confirmed that no default has occurred and the note remains in place, with both parties agreeing to defer any redemption or conversion until just before its Nov. 18, 2026, maturity, the filing added.
The company's shares surged almost 17% in recent Thursday trade.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。