Kinbauri Gold Corp. - Company Update.CARP carp, hardy freshwater fish, Cyprinus carpio, the largest member of the minnow family. A native of Asia, the carp was introduced into Europe and America and has become so well established that it is called the English sparrow of the fishes. , ONTARIO--(BUSINESS WIRE)--March 15, 1995--KINBAURI GOLD CORP. (CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. :KNBR) On March 10, 1995, International African Mining Gold Corporation ("IAMGOLD") filed a statement of claim in the Ontario General Court against Kinbauri Gold Corporation ("Kinbauri") and two other parties for damages of $10,000,000 for breach of fiduciary duty Noun 1. fiduciary duty - the legal duty of a fiduciary to act in the best interests of the beneficiary legal duty - acts which the law requires be done or forborne , conspiracy and champerty champerty n. an agreement between the party suing in a lawsuit (plaintiff) and another person, usually an attorney, who agrees to finance and carry the lawsuit in return for a percentage of the recovery (money won and paid. . Kinbauri and its co-defendants believe the claim to be completely without merit and a malicious attempt to force Kinbauri to withdraw or delay its present suit against IAMGOLD, also for damages of $10,000,000 and specific performance; Kinbauri will vigorously defend this claim and pursue its own claim to a speedy conclusion. CONTACT: Dr. V.N. (Vern) Rampton (613) 836-2594 (613) 831-2730 (Fax) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion