ALSO Posted in the Just Released 6 Month Financials is This UPDATE on the CLASS ACTION
Against AFFINOR and the CEO
Looks like THIS is NOT OVER YET eh ????
14. COMMITMENTS AND CONTINGENCIES
Notice of Civil Claim
In relation to the above noted issue, the Company was served with a notice of civil claim (the “Claim”) filed on July 11, 2019 with the Supreme Court of British Columbia by Michael Tietz and Duane Lowen under the Class Proceedings Act, RSBC 1996, c 50, naming the Company as a defendant along with 86 additional defendants. The Claim relates to allegations of conspiracy, secondary market misrepresentations and fraudulent/negligent misrepresentations arising out
of certain agreements entered into with consultants of the Company.
During the period ended November 30, 2021, the Court denied the Plaintiff’s application for leave to bring the Claim.
Subsquent to November 30, 2021, the Plaintiff’s filed an appeal.