OTCQX:BGMZF - Post by User
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bxjuon Apr 08, 2016 5:36pm
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Post# 24746950
Lawsuit
Lawsuit
Barkerville sued over Callaghan-era technical report 2016-04-08 17:25 ET - News Release Mr. Tom Obradovich reports BARKERVILLE GOLD MINES TO DEFEND LAWSUIT Barkerville Gold Mines Ltd. has been served with a proposed class-action lawsuit that has commenced in the Ontario Superior Court of Justice relating to an Aug. 12, 2012, technical report prepared by Peter T. George, PGeo, concerning a mineral resource estimate for the Cariboo gold project. The notice of action also names the company's former president and chief executive officer, James Francis Callaghan, former chief financial officer, Minaz Dhanani, the author of the technical report, Mr. George, and his consulting company, Geoex Limited. The representative plaintiff is requesting various orders and declarations in the notice of action, including $9.9-million in damages, based on alleged misrepresentations in violation of Canadian securities regulatory requirements relating to the mineral resource estimate that was announced on June 28, 2012, and incorporated into various disclosure documents, including but not limited to, the technical report. The company has retained counsel and intends to vigorously defend its interest and protect its rights. We seek Safe Harbor.