Alto Group Holdings Inc fka ALTO

[hmitwatch]

Form 8-K for ALTO GROUP HOLDINGS INC.

29-Jul-2011

Other Events


Item 8.01 Other Events.

On July 25, 2011, Alto Group Holdings, Inc. (the "Company") received a notice of termination of that certain Joint Venture Agreement ("Agreement"), dated 21 December 2010, between the Company and St. Watson Mining Company Mali SARL and St. Watson Mining Company Ltd. (collectively, "St. Watson"). The notice received from St. Watson alleges the breach of certain provisions of the Agreement, which was filed as an exhibit to the Company's Current Report on Form 8-K with the Securities and Exchange Commission on December 22, 2010 and is incorporated herein by reference. The Company disputes the allegations made in the notice and intends to commence litigation against St. Watson and its individual principals to enforce its rights under the Agreement.


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