The Prospector News

Formation Metals Announces Dismissal of Dundee’s Injunction Application

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Formation Metals Announces Dismissal of Dundee’s Injunction Application

 

 

 

 

 

Formation Metals Inc. (TSX:FCO) announces that the Supreme Court of British Columbia today dismissed Dundee Corporation’s application for an injunction to halt the potential sale of Formation’s Sunshine Precious Metals refinery, copper refinery and certain lands at the Big Creek Hydrometallurgical Complex in Shoshone County, Idaho, to certain entities that are associated or affiliated with Waterton Global Resource Management, Inc.
 

Dundee sought only injunctive relief and did not proceed with its petition with respect to the issue of shareholder approval of any sale, nor leave to bring a derivative action. The Company will continue to vigorously oppose any further action taken by Dundee against the Company.
 

As per the Company’s June 14, 2013 news release, Formation considered the allegations made by Dundee publicly to be without merit, to be designed to disrupt the business of the Company and to be brought for collateral purposes related to Dundee’s previously announced intention to contest the election of directors at the upcoming Annual General and Special Meeting of the Company on June 21, 2013.

 

 

 

 

 

 

Posted June 21, 2013

Share this news article

MORE or "UNCATEGORIZED"


RNC Minerals Closes Oversubscribed $18.5 Million Bought Deal Financing

RNC Minerals (TSX: RNX) is pleased to announce that it has closed... READ MORE

September 20, 2019

Moneta Announces Closing of Strategic Investment by Eric Sprott

Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) is p... READ MORE

September 20, 2019

Golden Tag Resources Closes $1.5 Million Financing Including Strategic Investment by Eric Sprott

Golden Tag Resources Ltd. (TSX-V: GOG) is pleased to announ... READ MORE

September 20, 2019

Osisko Increases Credit Facility to $400 Million

Osisko Gold Royalties Ltd (TSX:OR) (NYSE:OR) is pleased to ... READ MORE

September 20, 2019

Unigold Announces Closing of Private Placement of 32,350,000 Units for Gross Proceeds of Approximately $3 Million

Unigold Inc. (TSX-V: UGD) is pleased to announce that it has clos... READ MORE

September 19, 2019

Copyright 2019 The Prospector News - Site design by Spyderbaby Productions