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Uniserve Communications Corp (5)
Symbol USS
Shares Issued 50,058,195
Close 2019-10-15 C$ 0.12
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Uniserve sues former president Mitha for self-dealing

2019-10-18 11:36 ET - Street Wire

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by Mike Caswell

Uniserve Communications Corp. has filed a lawsuit in the Supreme Court of British Columbia against its former president, Hashim Mitha, for breach of duty and self-dealing. The company claims that Mr. Mitha appropriated a crypto-mining project that Uniserve had been working on in Powell River. The company is seeking an interest in the project, as well as the payment of associated profits.

The allegations are contained in a notice of claim that Uniserve filed at the Vancouver courthouse on Tuesday, Oct. 15. The defendants include Mr. Mitha, who served as Uniserve's president until his resignation on June 7, 2018. Also defendants are four former employees of Uniserve who, according to the suit, were recruited by Mr. Mitha to work on the crypto-mining project.

The suit centres around a deal that Uniserve claims to have been negotiating in May, 2018, when Mr. Mitha was still an officer and director of the company. The company was trying to obtain a site in the Powell River area for a cryptocurrency project. The deal would have seen Uniserve take over a "brownfield" facility, or one that it could readily repurpose. According to the suit, the company had identified such a site that was owned by Catalyst Paper Corp.

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