This was looked into years ago why is it finally coming out now?
These guy are probably first in line to get the licences or could end up taking over?
YS Capital on Behalf of LTP Stakeholder Files Complaint Against First Global Data with Securities Regulatory Authorities
Toronto, Ontario--(Newsfile Corp. - February 18, 2016) - Further to our December 2, 2015 and January 21, 2016 press releases, the LTP Stakeholder Group, led by YS Capital Inc., continues to pursue action against First Global Data Limited (TSX Venture: FGD), ("FGD").
The LTP Stakeholder Group has filed a letter with the Ontario Securities Commission (the "OSC") and the TSX Venture Exchange, (the "Exchange") asking the securities regulatory authorities to investigate FGD's public disclosure record and its relationship with Global Bioenergy SAS, ("Global Bioenergy"), a private mining company with operations in Colombia.
We are concerned with FGD's repeated failure to disclose material information in a timely manner and with the nature and disclosure of the relationship between FGD and Global Bioenergy and have urged the OSC and the Exchange to review the actions of both parties.
The LTP Stakeholder Group continues to assess additional remedies that might be available and intends to vigorously pursue this matter. The LTP Stakeholder Group will issue further updates as this matter progresses.
https://www.newsfilecorp.com/release/19300/YS-Capital-on-Behalf-of-LTP-Stakeholder-Files-Complaint-Against-First-Global-Data-with-Securities-Regulatory-Authorities