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Share: SPOKANE, WA / ACCESSWIRE / December 11, 2020 / Goldrich Mining Company (OTC:GRMC) ( Goldrich or the Company) provides an update on its arbitration proceedings concerning Goldrich NyacAU Placer, LLC ( GNP ), a 50:50 joint venture company formed between Goldrich and NyacAU, LLC ( NyacAU ) to operate Goldrich s Chandalar placer mine. GNP is in the process of being liquidated with NyacAU as the liquidator. The following is a summary of additional rulings recently received from the arbitration panel. 2018 Profitability and 2018 Interim Distributions Under the GNP Operating Agreement, Goldrich was entitled to receive certain interim distributions based on GNP s profitability. Goldrich received such distributions for 2016 and 2017. Goldrich challenged the Panel s understanding of facts related to GNP s profitability for 2018 as presented in the arbitration proceedings and made a motion for GNP to distribute interim distributions for 2018 after applying the arbitration rulings ma

United statesState of alaskaGoldrich chandalarWilliam scharaResubmission to arbitration panel for clarificationExchange commissionGoldrich mining companyGoldrich nyacau placerMinimum production requirementPinterest paidPartial final awardArbitration awardArbitration panelAlaska arbitration actPrivate securities litigation reform actAnnual report