18:32:06 EDT Thu 28 Mar 2024
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Bonterra Resources Inc (3)
Symbol BTR
Shares Issued 46,449,086
Close 2019-04-15 C$ 1.80
Market Cap C$ 83,608,355
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Bonterra sued by former CEO, VP of exploration

2019-04-16 08:59 ET - News Release

Mr. Greg Gibson reports

BONTERRA DEFENDANT IN LITIGATION

Bonterra Resources Inc. has received notice of a civil claim, filed by its former chief executive officer and director, Navjit Dhaliwal, and its former vice-president of exploration and director, Richard Dale Ginn, seeking payment in the amount of $1,092,000 for each plaintiff.

On behalf of the board, chairman Greg Gibson stated: "This lawsuit is strictly an attempt to bully Bonterra. Guided by our duty to act in the best interest of the company and all shareholders, we will vigorously contest this claim and seek appropriate remedy for any damages caused to Bonterra by the plaintiffs' actions. Our response will be forthcoming."

We seek Safe Harbor.

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