The Prospector News

Osisko Commences Legal Proceeding to Restrain Misuse of Confidential Information by Goldcorp

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Osisko Commences Legal Proceeding to Restrain Misuse of Confidential Information by Goldcorp

 

 

 

 

 

 

Osisko Mining Corporation (TSX:OSK)(FRANKFURT:EWX) today announced that it has commenced a legal proceeding against Goldcorp Inc. in the Quebec Superior Court.

 

In the Quebec proceeding, Osisko alleges that, in making its hostile take-over bid for Osisko dated January 14, 2014 Goldcorp misused confidential information and otherwise acted in a manner not permitted by the confidentiality agreement between the parties. Osisko also alleges that Goldcorp acted in bad faith and in a manner contrary to applicable law, in actions taken by Goldcorp prior to launching its Hostile Bid. Accordingly, Osisko is seeking an order enjoining the Hostile Bid and further conduct by Goldcorp that Osisko alleges is in breach of the Confidentiality Agreement.

 

Osisko believes that the Hostile Bid is opportunistic and financially inadequate and threatens to deprive Osisko’s shareholders of adequate consideration for their shares without providing the Company’s Board of Directors with a sufficient opportunity to properly convey the value of Osisko’s world-class assets or to develop, review and evaluate all value-enhancing alternatives.

 

About Osisko Mining Corporation

 

Osisko Mining Corporation operates the Canadian Malartic Gold Mine in Malartic, Quebec and is pursuing exploration on a number of properties in Ontario and Mexico.

Posted January 30, 2014

Share this news article

MORE or "UNCATEGORIZED"


Mistango River Resources Closes $3.1 Million Private Placement

Mistango River Resources Inc. (CSE: MIS) is pleased to announce t... READ MORE

September 29, 2020

NioCorp R&D Effort Identifies Possible Improved Approach to Niobium Extraction for its Elk Creek Project

NioCorp Developments Ltd. (TSX: NB) (OTCQX: NIOBF) is pleased to ... READ MORE

September 29, 2020

New Pacific Extends Broad Areas of Silver Mineralization at its Silverstrike Project, Bolivia

Highlights 1,865 g/t Ag and 0.96% Pb over 2.0 m and 1,665 g... READ MORE

September 29, 2020

Sun Metals Expands High-Grade Copper Gold Discovery Footprint at Stardust Intersecting 1.57% Copper, 1.08 g/t Gold and 28.2 g/t Silver or 2.88% Copper Equivalent Over 44m

Sun Metals Corp. (TSX-V: SUNM) is pleased to announce that initia... READ MORE

September 29, 2020

SILVER ONE TO SELL MEXICAN SILVER ASSETS

Silver One Resources Inc. (TSX-V: SVE) (OTCQX: SLVRF) (FSE: BRK1)... READ MORE

September 29, 2020

Copyright 2020 The Prospector News - Site design by Spyderbaby Productions