本文发表在 rolia.net 枫下论坛Maximum Discontinues Litigation Against Western
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 28, 2008) - Western Prospector Group Ltd. ("Western") (TSX VENTURE:WNP) is pleased to report that Maximum Ventures Inc. ("Maximum") has agreed to discontinue its Statement of Claim against Western, initiated in the Supreme Court of British Columbia on March 2, 2006. The discontinuance will formally occur when Plaintiff's counsel signs a Notice of Discontinuance and it is filed with the Court.
Maximum's Statement of Claim sought a declaration that Western held all Mongolian properties acquired from Mr. Kenneth de Graaf, or his companies, in trust for Maximum. The trust declaration sought by Maximum related to certain of Western's material Mongolian properties including a portion of the company's Saddle Hills uranium interests.
Western and its co-defendants are now entitled to reimbursement of a portion of their legal costs in an amount to be determined by the court. This reimbursement will include $242,000 that Maximum placed in a trust account for such costs, with additional payment subject to court review.
In discontinuing its case, attorneys for Maximum have threatened to initiate a new action against Western and other defendants suggesting that Maximum held a right of first refusal on certain Mongolian properties acquired from Mr. de Graaf or his companies. Acknowledging that no such action has been filed, Western believes that the potential allegations against it are without merit.
It is Western's understanding that the discontinuance by Maximum does not affect the action initiated by Anchorage Capital Master Offshore Ltd. ("Anchorage"), a major shareholder of Western, in the Supreme Court of British Columbia (see press release March 6, 2007). Anchorage seeks general and punitive damages for allegations of Maximum's failure to disclose under the securities legislation and breaches of the Competition Act.
Eric Bohren, President and CEO更多精彩文章及讨论，请光临枫下论坛 rolia.net