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Excellon Resources Inc T.EXN

Alternate Symbol(s):  EXNRF

Excellon Resources Inc. is engaged in the acquisition, exploration, and advancement of mineral properties. The Company is advancing a portfolio of silver, base metals and precious metals assets The Company’s project portfolio includes Kilgore, Silver City and Evolucion. The Company’s Kilgore project is an advanced gold exploration project in Idaho. The Kilgore gold project is located in Clark County, Southeastern Idaho. The Kilgore gold project comprises 614 lode mining claims and consists of approximately 6,788 hectares (ha). The Silver City is a high-grade epithermal silver district in Saxony, Germany. The Evolucion property covers 31.28 square kilometers (31,280 ha) and 17 km of strike along the Fresnillo trend, a silver district.


TSX:EXN - Post by User

Comment by silverforeveron Jul 13, 2024 10:56am
137 Views
Post# 36131523

RE:Obtaining a Legal Opinion

RE:Obtaining a Legal Opinion
Billm8912. Below is information concerning "Fiduciary Negligence".  According to this, both "monetary compensation" and "criminal charges" against those responsible can be pursed. Is the "Legal Opinion" you are referring to is how to pursue both? 
 
Link
 
"What Is Fiduciary Negligence?
Fiduciary negligence is a type of professional malpractice in which a person fails to honor their fiduciary obligations and responsibilities. Fiduciaries are entrusted with certain responsibilities in regard to their clients. Fiduciary negligence occurs when the fiduciary, through negligence, causes damages to the party they are entrusted to.
KEY TAKEAWAYS
  • A fiduciary is a person or entity that is charged with the responsibility of overseeing the financial accounts or assets of another party.
  • Fiduciary negligence is a type of professional malpractice in which a person fails to honor their fiduciary obligations and responsibilities.
  • Fiduciary negligence generally comes in the form of passive behavior, in that it is a failure to take action or take any steps to stop or address the actions of others.
  • Fiduciary negligence can include straightforward negligence, gross negligence, or negligent misrepresentation.
  • To prove fiduciary negligence, a plaintiff will have to demonstrate how the negligent actions of the defendant directly resulted in damages.
  • Penalties for fiduciary negligence are usually monetary compensation but can also include criminal charges.
Understanding Fiduciary Negligence 
Fiduciary Negligence occurs when a fiduciary fails to act on breaches of duty, specifically when their actions could have prevented the infractions or minimized the negative repercussions. A fiduciary is a person or entity that is charged with the responsibility of overseeing the financial accounts or assets of another party.
Board members can act as fiduciaries on behalf of shareholders. Attorneys and trustees are examples of other professionals that often act in a fiduciary role. The fiduciary is required to abide by a variety of ethical and legal rules and guidelines.
Fiduciary negligence generally comes in the form of passive behavior, in that it is a failure to take action or take any steps to stop or address the actions of others. This is why this type of failure is called negligence, as opposed to acts of fraud or deception, where the fiduciary initiates or actively engages in behavior that breaches their ethical duty or code of conduct."
 
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