|
|
News Breaks | | | | January 9, 2013 | | 08:04 EDT |  | DGSE | DGSE announces equity transfer from NTR Metals to Elemetal, LLC
DGSE Companies announced that its board has approved the transfer of 5,000,000 options owned by NTR Metals, LLC to Elemetal, LLC. These options have a strike price of $15 per share and were contributed by NTR to Elemetal in exchange for ownership units in Elemetal. The options were originally issued to NTR in October of 2011. | |
|
News For DGSE From The Last 14 Days Check below for free stories on DGSE the last two weeks. |
|
|
| June 4, 2013 | | 17:13 EDT | | DGSE | DGSE Co's announces proposed settlement of stockholder litigation matters
DGSE Companies announced that the company and all other Defendants have entered into an agreement in principle to settle class action and derivative litigation relating to the company's previously-disclosed accounting irregularities and subsequent restatement of financial results. The defendants have agreed to pay $2M to resolve all claims in both suits (including obligations to pay attorneys' fees). The company also expects to incur some additional fees and expenses associated with finalizing the settlement. It is expected that approximately 90% of the total settlement amount and related expenses will be paid from insurance proceeds. The company expects a ruling on the proposed settlement by the end of this year. | |
|
|
|
|
|
|
