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STT Enviro Corp. Announces Settlement of Lawsuit

TORONTO, ON–(Marketwired – March 27, 2017) – STT Enviro Corp. (“STT” or the “Company”) (TSX VENTURE: STT) today announced that it has settled a lawsuit with a customer in the United States relating to the cancellation of a contract. The trial date for the matter had been scheduled for May 1, 2017, and the Company decided to settle the matter by agreeing to pay the customer US$650,000 to avoid ongoing legal and related costs, and the risk of a possible adverse decision from the Court. A stipulation notifying the Court of the settlement, which is binding on both parties, has been filed with the Court and such filing has been accepted by the Court.