Bell Copper facing $263,414 suit from Fretwell Bell Copper facing $263,414 suit from Fretwell
Bell Copper Corp (C:BCU)
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Last Close 10/24/2012 $0.01
Tuesday October 23 2012 - Street Wire
by Mike Caswell
Bell Copper Corp. is facing an unpaid debt suit from former director Gordon Fretwell. The suit, which Mr. Fretwell filed through his law firm, seeks payment of $263,414 for about four years worth of legal work. Mr. Fretwell says he has demanded payment, but has received none.
The allegations are contained in a brief notice of claim that Mr. Fretwell's law firm, Gordon J. Fretwell Law Corp., filed at the Vancouver courthouse on Tuesday, Oct. 23. According to the suit, the firm performed "various legal services" for the company between May 1, 2007, and Aug. 31, 2011. The total fee for those legal services, including taxes, was $423,414.
Some time around May, 2011, the firm and Bell Copper entered into an agreement in which the company would pay monthly instalments of $20,000 until the bill was paid, the suit states. According to Mr. Fretwell, the company made payments totalling $160,000, but his firm received no money after Feb. 3, 2012.
Mr. Fretwell says he has demanded the balance, but Bell Copper has "wrongly refused, failed and/or neglected" to pay. The suit seeks a $263,414 judgment, plus interest and court costs. Richmond lawyer Kimberly S. Campbell filed the suit on behalf of Mr. Fretwell's firm.
Bell Copper has not responded to the suit. Mr. Fretwell served as a director of the company from 1998 to April, 2011.
The stock closed at half a cent on Wednesday, down from one cent.