15:48:54 EDT Thu 01 Jun 2023
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Blue Star Gold Corp (2)
Symbol BAU
Shares Issued 53,139,838
Close 2022-06-16 C$ 0.62
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Blue Star sued by former president Wilkinson

2022-06-16 20:42 ET - Street Wire

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by Mike Caswell

Blue Star Gold Corp. is facing a lawsuit in the Supreme Court of British Columbia from its former president, Stephen Wilkinson, who claims that the company forced him out of his $14,000-per-month position. Mr. Wilkinson says that a subordinate told him it was time he was "gone," and the board approached him with retirement offers. Mr. Wilkinson refused, and the company fired him, the suit states.

The allegations are contained in a notice of claim that Mr. Wilkinson filed at the Vancouver courthouse on June 10, 2022. The suit stems from Mr. Wilkinson's dismissal, which occurred on April 28, 2020. His departure appeared amicable on the surface, with the company saying that Mr. Wilkinson is "no longer with the company" and offering the usual words of gratitude.

Behind the scenes, the matter was nowhere near that simple, at least according to Mr. Wilkinson. He says that the trouble went back to Dec. 17, 2018, when he was the president and a director of Blue Star (then known as WPC Resources Inc.). Just prior to the company's annual general meeting that year, Mr. Wilkinson received a request that he resign from the board and not stand for re-election. He and another director were subsequently replaced by three new board members.

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paid for running or part of infrequent stock trading company?

Posted by roflmao at 2022-06-17 07:36