seeks damages in alleged BWA contract breach ST-GEORGES TO PROSECUTE ITS CLAIMS AGAINST LITIGIOUS UK GROUP
St-Georges Eco-Mining Corp. has served a statement of claims to BWA Group PLC and its subsidiary Kings of the North Corp. The claims seek damages of $277,640 for breach of contract and various other causes of action.
The Corporation is aware of the press release issued by BWA on December 31, 2021, in which BWA states that it has commenced a civil action against the Corporation in relation to the KOTN transactions. The BWA claim seeks, among other things, damages of $1,500,000 against the Corporation and its former CEO, alleging breach of contract, conspiracy and various other causes of action (the "BWA Claims").
The Corporation believes the BWA claims are entirely without merit and frivolous. The Corporation will vigorously defend the BWA Claims and will prosecute its own claims against BWA and KOTN.
Under the circumstance, the Corporation will also undertake to divest its interest in BWA gradually.
"Legal litigation is not part of St-Georges' business model (...) the Company has mandated its lawyers to handle this file and is not expecting management to be side-tracked from the pursuit of its business goals and objectives (...) although a nuisance, the distraction that this lawsuit seeks to create, is not significant in relation to the corporation's strategic development plan," commented St-Georges' COO, Frank Dumas.