This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Mike Caswell

Barkerville Gold Mines Ltd. has filed a lawsuit in the Supreme Court of British Columbia against its former president, Frank Callaghan. The suit claims that he and an associate used confidential information to stake a piece of ground located near the company's property. He then offered to sell that ground to Barkerville, the suit states.

The accusations from Barkerville come over two years after Mr. Callaghan left the company amidst an investigation by the B.C. Securities Commission. The regulator cited him for a massive overstatement of Barkerville's resources. To settle the case, Mr. Callaghan agreed to pay $30,000 and to serve a one-year officer and director ban.

Details of the lawsuit are contained in a notice of claim that Barkerville filed at the Vancouver courthouse on Oct. 16, 2017. The defendants include Mr. Callaghan and a former Barkerville contractor named Angelique Justason. Also named is Mr. Callaghan's private company, Standard Drilling & Engineering Services Ltd.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS