This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Mike Caswell

Guyana Frontier Mining Corp. denies that it owes a finder's fee to Capital Street Group Investment Services Inc., a North Vancouver company that claims to have introduced a potential investor. Guyana Frontier says that it has already paid $18,000 to Capital Street, as part of a $3,000-per-month consulting agreement. It denies that it owes any more money, as Capital Street did not identify any investors that completed a financing.

The denials are part of Guyana Frontier's response to a lawsuit it faces from Capital Street Group in the Supreme Court of British Columbia. According to the suit, Capital Street entered into a six-month consulting agreement with Guyana Frontier in August, 2010, that specified Capital Street was to receive a percentage of any financings that resulted from introductions it made. The suit claimed that Capital Street introduced Guyana Frontier to a potential investor in Max Capital Markets Ltd., and that Guyana Gold "accepted confirmation of a Transaction" with Capital Street acting as agent.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS