Mr. Derek Liu reports
CROWFLIGHT SUED BY CREDITOR
Dumas Contracting Ltd., the
former mining contractor of Crowflight Minerals Inc., has filed a statement of claim
for the amount of $7,128,383 against Crowflight. Dumas has also
placed a lien on the company's Bucko mine.
The company will defend the
claim because significant amount of the claim is in dispute. While
pending a judicial resolution or settlement of the matter, all of the
amounts claimed have been or will be accrued and disclosed on the
Company's financial statements.
Crowflight is currently seeking
additional financing in order bring all valid payables current.
The
outcome of the lawsuit is not currently determinable.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.