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Bonterra has Dhaliwal's garnishing order overturned

2019-07-30 15:36 ET - News Release

An anonymous director reports

BONTERRA LEGAL UPDATE

The Court of Appeal of British Columbia has dismissed the appeal filed by former Bonterra Resources Inc. executives Nav Dhaliwal and Dale Ginn, seeking to overturn the Supreme Court of B.C. decision ordering the immediate return of the garnished funds in the amount of $2,184,080, to Bonterra.

A prejudgement garnishment order had been granted by the B.C. Registrar, on April 12, 2019, without prior notice to Bonterra. Upon review of the matter, the Supreme Court of B.C. had set aside the garnishment and ordered the immediate return of the funds to Bonterra on June 20, 2019; the Court of Appeal has now confirmed the decision on July 26, 2019, with written reasons to follow.

We seek Safe Harbor.

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