Barkerville ex Callaghan denies using confidential data
2017-11-22 20:22 ET - Street Wire
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by Mike Caswell
Frank Callaghan denies that he did anything wrong in acquiring a claim near Barkerville Gold Mines Ltd.'s property. He says that the claim was available for staking and Barkerville had not taken the ground. He also denies using confidential information in acquiring the claim.
The statements from Mr. Callaghan come in response to a lawsuit that Barkerville filed against him in the Supreme Court of British Columbia. The company claimed that he and a former Barkerville contractor, Angelique Justason, used the company's confidential information in staking the claim at issue. Mr. Callaghan then offered to sell the property to Barkerville, the company said.
For his part, Mr. Callaghan contends that he did nothing wrong. In a response filed on Nov. 16, 2017, he says that the claim was available for anybody to acquire. Barkerville never owned the ground and it became available to the public on the website of the Mineral Titles Branch.
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| BARKERVILLE GOLD MINES |
| Frank Callaghan |
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Ground was OPEN. Barkerville was sleeping. No excuses for its technical people.
As Frank presents it, a typical case of the big boys getting caught napping and then trying to bully their way through. Responsibility is squarely on the management or technical people to be aware of these types of opportunities. What probably happened is that the technical people said 'we should stake this', management said, 'no' and then they got egg on their face when Frank took the ground.
It could have been anybody that staked that claim. Happens all the time in mining. I guess pointing fingers at Frank is easier than taking responsibility? He is an easy target.
Posted by Typical at 2017-11-23 11:48
Oh, pay the man what he wants. What’s a few million among friends?
Especially when the most-recent financials reveal:
Nine-month exploration expenses show $2.8 million admin fees, $1.4 in consulting fees, $341 thousand in travel, $3.4 million in salaries and benefits and $1.6 million in stock based compensation.
Nine-month evaluation expenses show $4.3 million in consulting fees, $3.6 million in salaries and benefits, $2.4 million in office and administration, $166 thousand in travel and $703 thousand in stock based compensation.
Nine-month corporate administration expenses show $227 thousand in consulting fees, $2.1 million in salaries and benefits, $432 thousand in legal, etc., $895 thousand in office and administration, $355 thousand in travel and $1.5 million thousand in stock based compensation.
Posted by halcrow at 2017-11-23 12:13
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