BUZZ-Brazilian Critical Minerals slips on Australia legal dispute

iPath Pure Beta Broad Commod Delist

iPath Pure Beta Broad Commod

BCM

42.87

Delist

** Shares of Australia's Brazilian Critical Minerals BCM.AX fall as much as 12% to A$0.022

** The rare earth elements explorer said on Tuesday it was served a writ of summons in the Supreme Court of Western Australia by Drake Private Investments

** Claim by Drake Private Investments relates to alleged breach by co for issuing and pricing of shares

** Co disputes Drake's allegations and claimed losses, intends to defend the action

** Around 16.2 mln shares change hands, nearly 2.5x 30-day average

** BCM up 155.6% YTD


(Reporting by Keshav Singh Chundawat in Bengaluru)

((Keshav.singhchundawat@thomsonreuters.com))

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