Perth-based uranium company Newland Resources Ltd has rejected allegations by Subiaco-based Summit Resources Ltd that it knowingly breached duties to it by signing a deal with former Summit chair Alan Eggers. Summit has mounted legal action against its former managing director, Mr Eggers, and Newland over a joint venture agreement signed between the two companies. In an announcement to the ASX, Summit alleged that a heads of agreement executed between the Eggers-controlled Summit and Newland during the takeover battle, purported to give Newland, a Perth-based uranium company, the right to be operational controller and manager of the joint venture should control of Summit pass to another entity.
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