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by Mike Caswell

Streamex Corp. denies that it owes anything to former Vancouver securities lawyer Richard Coglon, who is suing over a stock option that he says is worth as much as $44-million. (All figures are in U.S. dollars.) Mr. Coglon claims that he made a "strategic introduction" in Streamex's founding stage, but Streamex says that the entirety of his efforts amounted to a casual lunch meeting. Mr. Coglon made "no effort whatsoever to contribute money to the company," Streamex says.

The statements from Streamex come in response to a lawsuit that Mr. Coglon filed in the Supreme Court of British Columbia on Nov. 20, 2025. Mr. Coglon claimed that he made an introduction in 2024 that led to Streamex obtaining a U.S. listing. In return, he was to receive a 20-cent stock option that, given Streamex's later rise to $11, would have been of some value, he said.

For its part, Streamex claims that it never agreed to pay Mr. Coglon anything and that his efforts amounted to little. In a response filed on Jan. 26, 2026, the company says that Mr. Coglon's lawsuit arises from a casual lunch meeting at Cardero's in downtown Vancouver on June 5, 2024. On that day, Mr. Coglon met with one of Streamex's directors, Blair Lekstrom, where the men discussed personal and business matters, the response states.

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