Proactive Investors - Run By Investors For Investors

Bonterra Resources responds to civil claim brought by former executives

The gold exploration company is being sued by its former CEO and VP of exploration
Gold mining camp
Bonterra controls three high-grade gold deposits named Gladiator, Barry and Moroy and also has significant regional targets

Bonterra Resources Inc (CVE:BTR) (OTCMKTS:BONXF) announced Tuesday that it has received notification of a civil claim, filed by its former CEO and director, Navjit Dhaliwal, and its former VP of exploration and director, Richard Dale Ginn.

The company said each plaintiff is seeking payment of about C$1.1 milllion.

READ: Bonterra Resources unveils promising drill results from Gladiator project in Quebec

“This lawsuit is strictly an attempt to bully Bonterra," said Chairman Greg Gibson in a statement released by the company. "Guided by our duty to act in the best interest of the company and all shareholders, we will vigorously contest this claim and seek appropriate remedy for any damages caused to Bonterra by the plaintiffs’ actions." 

Bonterra is a gold exploration company with assets in the Archean greenstone belts in the Canadian Shield. It controls three high-grade gold deposits named Gladiator, Barry and Moroy and also has significant regional targets.

Shares of Bonterra Resources were at C$1.75 on Tuesday.

Contact Katie Lewis at [email protected]

View full BTR profile View Profile

Bonterra Resources Timeline

Related Articles

1553516515_Gold-bar-plus-nugget.jpg
March 25 2019
Recent production numbers from Pan African's operations give plenty of grounds for encouragement
1511784968_shutterstock_249210421-(1).jpg
June 21 2018
The company's key operations are located in South Africa, Ghana and Kenya.
Drill rig
November 20 2018
The gold exploration and development company is focused on Mali and Ghana in West Africa

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use