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
Blox Inc., an OTCQB listing with a gold property in West Africa, has filed a lawsuit in the Supreme Court of British Columbia against its former president, Vancouver's Robert Abenante. The suit claims that Mr. Abenante made several unsubstantiated transactions with company money. Among other things, he paid his personal credit card and made payments to a private entity he controlled, Blox says.
The allegations are contained in a notice of claim that Blox filed at the Vancouver courthouse on Thursday, Sept. 7. The defendants are Mr. Abenante and a private entity that he controls called Emerald Power Consulting Inc. The suit identifies Mr. Abenante as the president of Blox from Feb. 27, 2014, until he resigned on May 1, 2015. He received $10,000 (U.S.) per month through Emerald.
The remainder is available to Stockwatch subscribers.
© 2018 Canjex Publishing Ltd. All rights reserved.