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Replies to post #893 on Lustros, Inc. (fka LSTS)
sidedraft
04/01/15 11:01 PM
#894 RE: sidedraft #893
The Company shut down its copper sulfate processing plant in December 2014 pending resolution of certain legal matters including the bankruptcy of our Sulfatos Chile S.A. subsidiary. The Company’s subsidiary, Sulfatos Chile S.A. is engaged in litigation before the 4th Civil Trial Court of Santiago, Docket No 25496-2014, in the matter of Oryxeio Ingenieria Limitada v. Sulfatos Chile S.A. On December 22, 2014 Sulfatos Chile S.A. was declared bankrupt by the court. The Board of Directors of Sulfatos Chile S.A. decided not to oppose the bankruptcy process. The resolution of this matter is uncertain.