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by Mike Caswell
Gravis Energy Corp.'s merger agreement with Biocurepharm Corp. is only weeks old, but it has already attracted some controversy. Former Vancouver broker Stephen Toban has filed a lawsuit in the Supreme Court of British Columbia seeking a $419,887 (U.S.) fee as part of the deal. He claims to have arranged part of the transaction, but says that he did not receive an agreed-upon payment.
The lawsuit from Mr. Toban comes almost a month after Gravis reported that it had signed an agreement to merge with Biocurepharm, a Korean pharmaceutical company. The deal will have Gravis change its business from mining and roll back 1:7. The merger has not yet closed.
When Gravis announced the transaction it made no mention of Mr. Toban, but he says that he had a part in the deal. He has set out his claims in a lawsuit filed at the Vancouver courthouse on April 18, 2017. He filed the suit himself, without the benefit of a lawyer. The defendants are a private entity called Columbia Capital Inc. and its chairman, Jai Woo Lee.
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