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Arrowhead secures funding for legal battle against Egypt

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Arrowhead secures funding for legal battle against Egypt

Arrowhead Resources Ltd. secured funding for the costs of its legal claims against the Arab Republic of Egypt.

The company said Aug. 9 that it signed a conditional arbitration funding agreement with a subsidiary of Calunius Litigation Risk Funds.

Arrowhead and its unit Tantalum International Pty. Ltd. intend to jointly prosecute claims against Egypt over the alleged expropriation of its 50% interest in the Abu Dabbab tantalum-tin-feldspar project.

Arrowhead recently entered a conditional binding share sale agreement to acquire 100% of the issued capital of online gaming platform Gaming Battle Ground in a bid to "exploit the growth of the eSports market."