Barkerville Gold Mines Ltd. {TSXV: BGM} announces that it has been served with a proposed class action lawsuit.
This is in relation to the 2012 technical report prepared by Peter George concerning the “district potential” resource estimate report, which was subsequently withdrawn. The claim is for $9.9 million damages.
TORONTO, ON – April 8, 2016 – Barkerville Gold Mines Ltd. {TSXV: BGM} announces that it has been served with a proposed class action lawsuit that has been commenced in the Ontario Superior Court of Justice (the “Notice of Action”) relating to an August 12, 2012, technical report prepared by Peter T. George, P. Geo, concerning a mineral resource estimate for the Cariboo Gold Project.
The Notice of Action also names the Company’s former President and CEO, James Francis Callaghan, former CFO, Minaz Dhanani, the author of the Technical Report Peter T. George and his consulting company, Geoex Limited.
The representative plaintiff is requesting various orders and declarations in the Notice of Action, including $9,900,000 in damages, based on alleged misrepresentations in violation of Canadian securities regulatory requirements relating to the mineral resource estimate that was announced on June 28, 2012, and incorporated into various disclosure documents, including but not limited to, the Technical Report.
The Company has retained counsel and intends to vigorously defend its interest and protect its rights.
For further information on Barkerville Gold Mines Ltd.,
Please contact:
Tom Obradovich
Chief Executive Officer
+1 416 361 2511
tobradovich@barkervillegold.com
Cautionary Statement on Forward-Looking Information
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