Pacific Wildcat Resources Corp.’s (CVE:PAW.H) licence for its Mrima Hill niobium project was cancelled by the government under suspicious circumstances
Vancouver’s Pacific Wildcat Resources Corp. (CVE:PAW.H) faced millions in losses when Kenya cancelled its project, prompting cries of corruption, but that turned out to be just a precursor to something much worse.
In 2013, the company’s licence for its Mrima Hill niobium project was cancelled by the government under suspicious circumstances, prompting cries of corruption and an international arbitration case being launched against Kenya. But all that turned out to be a precursor to something much worse.
On May 5, Pacific Wildcat filed all its evidence in Washington for the US$2.1-billion arbitration case. Later that day, a director from its Kenyan unit was shot dead in Nairobi.
Read the full article at: business.financialpost.com
