logo-loader
viewBonTerra Resources Inc

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]

Quick facts: BonTerra Resources Inc

Price: 1.95 CAD

TSX-V:BTR
Market: TSX-V
Market Cap: $145.91 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of BonTerra Resources Inc named herein, including the promotion by the Company of BonTerra Resources Inc in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

2 min read