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by Mike Caswell

The dispute over control of MGX Minerals Inc. has landed before a judge, with the company obtaining an order in the Supreme Court of British Columbia that effectively prevents anybody from issuing news in its name. A judge has temporarily ordered that nobody can issue news releases without obtaining approval from three of the company's four board members. With the board evenly split over control of the company, the order seems likely to keep investors from receiving any news at all.

The order comes amidst a very public dispute amongst MGX's four directors. At an Oct. 3, 2019, board meeting, two directors put forward a motion to remove the company's chief executive officer, Jared Lazerson. The motion left the board evenly split. The two directors who advanced the motion, Lyndon Patrick and Michael Reimann, voted in favour of removing Mr. Lazerson. The company's other two directors, one of which is Mr. Lazerson, voted against the motion.

The court case centres around a series of competing news releases that came out after the contentious meeting. Mr. Lazerson's side initiated the case, filing an application at the Vancouver courthouse on Oct. 10, 2019. According to that application, the vote went in Mr. Lazerson's favour. This is because, in the event of a tie, the chair of the meeting casts an extra vote. Mr. Lazerson was the chair, so he voted against removing himself.

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