10:35:31 EDT Mon 29 May 2023
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Nabati Foods Global Inc
Symbol MEAL
Shares Issued 45,416,897
Close 2021-10-14 C$ 1.20
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Nabati, Nevada Lithium sued by Vernon's Purewal

2021-10-14 20:47 ET - Street Wire

Also Street Wire (C-NVLH) Nevada Lithium Resources Inc

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by Mike Caswell

Vernon resident Amardeep Singh Purewal has filed a pair of lawsuits in the Supreme Court of British Columbia over shares he claims to own in a pair of recently listed Canadian Securities Exchange companies. Mr. Purewal says that he acquired shares of Nabati Foods Global Inc. and Nevada Lithium Resources Inc., but the companies have refused to send his share certificates. At today's closing prices, the shares he seeks would be worth $950,000.

The allegations are contained in two notices of claim that Mr. Purewal filed at the Vancouver courthouse on Oct. 8, 2021. The defendants are Nabati Foods and Nevada Lithium. Also named in each suit is K2 Capital Advisors Ltd., a private entity that owns shares of both companies, as is Olympia Trust Company, the transfer agent.

The lawsuits stem from shares that Mr. Purewal claims to have purchased on Jan. 21, 2021, in the predecessors of Nabati and Nevada Lithium. He says that he bought 400,000 units of Nabati's predecessor at 0.5 cent and 300,000 shares of Nevada Lithium's predecessor at prices of 0.5 cent and two cents. (The prices would make his total cost on the purchases $6,437.)

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