Kootenay Zinc, ex-directors receive class action notice
Kootenay Zinc Corp (2) (C:ZNK)
Shares Issued 4,864,329
Last Close 7/26/2019 $0.06
Friday July 26 2019 - News Release
Ms. Tara Haddad reports
KOOTENAY ZINC PROVIDES CORPORATE UPDATE
Kootenay Zinc Corp. is currently reviewing and undergoing due diligence on potential acquisitions. The company will provide additional details on any proposed strategic acquisitions pending the outcome of due diligence and review.
The company has also received notice that a class action lawsuit has been filed against the company, former directors of the company and certain others in the Supreme Court of British Columbia. The plaintiffs are seeking damages for various possible causes of action, including unlawful conspiracy, misrepresentation and secondary market misrepresentations. The claim has not been certified as a class action as at the date hereof. The company is of the view that the allegations contained in the claim are without merit and intends to vigorously defend its position.
We seek Safe Harbor.
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