08:30:44 EDT Fri 29 Mar 2024
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Bonterra Resources Inc (3)
Symbol BTR
Shares Issued 46,449,086
Close 2019-06-24 C$ 2.11
Market Cap C$ 98,007,571
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Bonterra wins ruling over $2.18M garnishing order

2019-06-25 10:33 ET - Street Wire

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by Mike Caswell

Bonterra Resources Inc. has succeeded in overturning the court-ordered seizure of $2.18-million of the company's money. A judge in the Supreme Court of British Columbia has ordered that the money be returned to Bonterra at once. The decision is a loss for former Bonterra president Nav Dhaliwal and former director Richard Dale Ginn, who claim that Bonterra owes them the money.

The ruling, handed down on June 20, 2019, comes as part of a lawsuit that Mr. Dhaliwal and Mr. Ginn filed on April 8, 2019, at the Vancouver courthouse. The men claimed that they had agreements specifying that the company would pay them $1.09-million each after they resigned. The company's failure to pay amounted to a breach of their resignation agreements, the men said. They sought a court order compelling payment.

Nav Dhaliwal
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Nav Dhaliwal

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Bonterra / Dhaliwal screwed me over by thousands of dollars as a contractor in early 2018. They asked for work, we delivered, then nothing.

I guess karma is a b**ch

Posted by Peter at 2019-06-25 10:37


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