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by Mike Caswell

Jai Woo Lee, one of those linked to Gravis Energy Corp.'s recent merger agreement, says that there is no fee payable to former Vancouver broker Stephen Toban on the deal. Mr. Toban's role with the transaction was either non-existent or was insufficient to justify the $419,887 (U.S.) fee he is seeking, Mr. Lee claims. He further says that there was no agreement for Mr. Toban to receive any payment.

The statements come in response to a lawsuit that Mr. Toban filed in the Supreme Court of British Columbia on April 18, 2017. He claimed to have arranged a deal in which Gravis will merge with a Korean pharmaceutical company called Biocurepharm Corp. The deal will see Gravis change its business from mining and roll back 1:7. The defendants in the case are Mr. Lee and his company, Columbia Capital Inc.

Mr. Lee filed his response to the lawsuit on May 15, 2017. The brief document contains few details. In what information Mr. Lee has provided, he says that there was no agreement in place with Mr. Toban. He also says that it was not Mr. Toban who identified Biocurepharm as a suitable candidate for the merger, nor was it Mr. Toban who "brought in" Biocurepharm. (The response does not say who arranged the deal or even if Mr. Lee had a part in it.)

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