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Medinah's battle with Price grows, second suit filed

2016-11-29 10:44 ET - Street Wire

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by Mike Caswell

The legal battle between Les Price and his former company, Medinah Minerals Inc., now has another layer, with Mr. Price suing the company in the Supreme Court of British Columbia again. In the new suit, he says that Medinah defamed him with a false news release about financial transactions he had with the company. He also claims that Medinah owes him another $262,708 in outstanding fees. (All figures are in U.S. dollars.)

The allegations are contained in a notice of claim filed on Nov. 22, 2016, at the Vancouver courthouse. Much of the lawsuit revolves around a written consulting agreement that Mr. Price claims to have entered into with Medinah on July 1, 2012. The agreement provided that Mr. Price would act as trustee for the company's operations in Chile and would act as an independent contractor.

His compensation, according to the suit, was to be $60,000 per year, paid monthly, plus expenses. As Mr. Price tells it, he never received any of the money, beyond a $5,000 payment. With expenses, the total owing was $262,708, he says.

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