Printer Friendly

Bonterra Resources says British Columbia court throws out appeal filed by former executives.

Bonterra Resources Inc (CVE:BTR) (OTCMKTS:BONXF) announced Tuesday that the Court of Appeal in British Columbia has dismissed the appeal filed by its former CEO and director, Navjit Dhaliwal, and its former VP of exploration and director, Richard Dale Ginn.

In their appeal, the former executives were seeking to overturn the Supreme Court's decision ordering the immediate return of garnished funds totaling $2,184,080 to Bonterra.

A pre-judgement garnishment order had been granted by the British Columbia Registrar on April 12.

READ: Bonterra Resources responds to civil claim brought by former executives

On reviewing the matter, the Supreme Court of British Columbia set aside the garnishment and ordered the immediate return of the funds to Bonterra on June 20.

The Court of Appeal has now confirmed the decision.

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.

Contact Uttara Choudhury at

Follow her on Twitter: @UttaraProactive

To access, purchase, authenticate, or subscribe to the full-text of this article, please visit this link:

COPYRIGHT 2019 NLA Access Media Limited
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Proactive Investors United States
Geographic Code:1CBRI
Date:Jul 30, 2019
Previous Article:Capstone Turbine says Extensive Parts Remanufacturing program has generated $15 million in cumulative savings.
Next Article:Klondike Gold Corp continues aggressive work on with strong results on Lonestar Zone.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |