Winshear Gold Corp v Tanzania ICSID Case No. ARB/20/25 - Winshear and United Republic of Tanzania Conclude US$30 Million Settlement Agreement - Press Release - 16 October 2023
Country
Year
2023
Summary
The Parties agreed on an amount of US$30,000,000 to settle the case and terminate the arbitration proceedings. Funds were received by the Company today, October 16th, 2023. After payment of funding and legal costs, the net amount to Winshear is approximately C$25,275,000 (US$18,500,000).