Mr. Dale McClanaghan reports
LOTUS FORMER CHAIRMAN AND CREDITOR RECEIVES
UNCONTESTED JUDGEMENT FROM THE SUPREME COURT OF BC
On Jan. 16, 2024, Lotus Ventures Inc., owned by Albert
Duwyn, the former director and chairman of the company, obtained judgment from the Supreme
Court of British Columbia with respect to its loan to the company of $1-million plus
interest. Attempts to find an acceptable settlement were unsuccessful.
The company has not at any point denied that it owed the money and did not contest it in court.
All other elements of the claim are disputed by the company and will be vigorously defended.
We seek Safe Harbor.
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