31 May 2013
Allion Legal acts for Breakaway on Scotia Project sale. Principal Stuart Mengler and Senior Associates Fiona Ellett and Payal Mahindroo are acting for Breakaway on the recently announced sale of Breakaway’s Scotia Project to Minotaur Exploration Limited (ASX: MEP), announced to the ASX on 20 May 2013. Allion was also involved in a key condition of the sale, the agreement with Norilsk Nickel Australia releasing Breakaway from a clawback and pre-emptive rights arrangement over Western Australian tenements held by Breakaway in exchange for a Net Smelter Royalty over future production of nickel, copper and platinum. The completion of the agreement with Norilsk satisfies one of the key conditions precedent to the completion of the Scotia Project sale.