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Axion Ventures Inc
Symbol AXV
Shares Issued 245,642,076
Close 2020-08-04 C$ 0.20
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Axion's former CEO Bonner says firing unfair

2020-09-15 21:30 ET - Street Wire

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by Mike Caswell

Axion Ventures Inc.'s former chief executive officer, John Todd Bonner, has begun a case against the company in the Supreme Court of British Columbia, complaining that the board improperly fired him as CEO. He claims that Axion's board based his dismissal on an anonymous complaint that it never investigated. He is seeking a court order that would reinstate him, among other things.

The allegations are contained in a petition that Mr. Bonner filed at the Vancouver courthouse on Sept. 8, 2020. The respondents are Axion and three members of the company's board: Grant Kim, Stephen Willey and Yasuyo Yamakazi. The case centres around Mr. Bonner's dismissal as CEO, which occurred at a board meeting on July 14, 2020. According to the petition, one of the company's directors informed Mr. Bonner that there was some sort of complaint about him (the petition does not provide details of that complaint, other than to say it relates to a proposed deal the company had with an entity called Monaker Group Inc.). Based upon that complaint, the board dismissed him.

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