Panel Stays Proceedings Relating to Vanteck and Int-A-Grid Transactions
The Panel has decided to stay the proceedings brought by Reliable Power Inc (Reliable) in relation to the off market cash takeover offer by Reliable for the ordinary shares in Pinnacle VRB Limited (Pinnacle) and the announcement by Pinnacle on 29 March 2001, that it has granted a licence to Vanteck (VRB) Technology Corp (Vanteck) to market, sell, manufacture and utilise the Vanadium Redox Battery (VRB) technology within Canada, the United States, Central and South America (the