eCobalt Solutions Inc. (fka ECSIF)

[gharma]

In connection with the Release, Waterton received a break fee of US$ 1.0 million as outlined in the Company's press release of June 6, 2013.

Well that is certainly not good, and also contrary to the understanding the company gave in prior NR announcing that the timeframe had passed and that they therefore had informed Waterton that the agreement was considered vacated.
There is a deeper story here, likely revolving around the court filings to challenge the sale.