Bear Lake Gold LTD NEW : Aus 2 mach 1!
Bear Lake Gold Announces Court Approval
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Bear Lake Gold Announces Court Approval
August 18, 2010 - Longueuil, Quebec: Bear Lake Gold Ltd. (TSXV: BLG) (the "Company") announces that on August 10, 2010, the Ontario Superior Court of Justice approved the plaintiff's motion for certification and settlement of a proposed class action thereby dismissing the proposed lawsuit and all related claims. As previously announced, the proposed class action lawsuit was filed on August 25, 2009 in the Ontario Superior Court of Justice against the Company and certain of its current and former officers and directors, alleging certain misrepresentations were made during the period from July 18, 2006 to July 28, 2009 regarding Bear Lake's Larder Lake project. On April 5, 2010 and April 13, 2010, the Company announced that an agreement in principle had been reached to settle the proposed lawsuit. The settlement agreement provides for the settlement, release and dismissal of all claims asserted against the Company and the individual proposed defendants and does not in any way contain or constitute any admission of liability by the Company or its officers, directors or employees.
Forward-Looking Information
This news release contains certain forward-looking information within the meaning of applicable securities laws, which reflect current expectations of the management of Bear Lake Gold Ltd. regarding future events including, without limitation, statements relating to the settlement of the proposed class action lawsuits. The Company believes that the expectations and assumptions reflected in the forward-looking information contained herein are reasonable but no assurance can be given that these expectations and assumptions are correct or that that the results implied by forward-looking statements herein will occur. The Company assumes no duty to update or revise forward looking information, except as may be required pursuant to applicable laws. All forward-looking information is expressly qualified in its entirety by this cautionary statement.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
For further information, please contact:
Francois Viens
President and CEO
Tel: 450-677-2172
Fax: 450-677-2601
Website: www.bearlakegold.com
Carole Plante
General Counsel and Corporate Secretary
Tel: 450-677-2065
Aug 19/10 Aug 10/10 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 38,000 $0.190
Aug 18/10 Aug 09/10 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.190
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Bear Lake Gold Ltd (BLG.VN)
0.230 +0.010 (+4.55%) Thursday, Aug 19th, 2010
Detailed Opinion Remove Strength and Direction Composite Indicators Signal Strength Direction
Trend Spotter Buy Strong Strongest
Short Term Indicators
7 Day Average Directional Indicator Buy Average Strengthening
10 - 8 Day Moving Average Hilo Channel Buy Strong Strongest
20 Day Moving Average vs Price Buy Strong Strongest
20 - 50 Day MACD Oscillator Buy Weak Strongest
20 Day Bollinger Bands Buy Strong Strengthening
Short Term Indicators Average: 100% Buy
aktuell bei 0,235 CAD
Time Ex Price Change Volume Buyer Seller Markers
09:33:49 V 0.30 +0.02 15,000 33 Canaccord 5 Penson K
09:33:41 V 0.30 +0.02 15,000 33 Canaccord 80 National Bank K
09:33:41 V 0.30 +0.02 1,500 33 Canaccord 58 Qtrade K
09:33:41 V 0.30 +0.02 1,500 33 Canaccord 7 TD Sec K
09:33:41 V 0.30 +0.02 25,000 33 Canaccord 80 National Bank K
09:33:41 V 0.29 +0.01 5,000 33 Canaccord 7 TD Sec K
09:30:00 V 0.28 - 4,000 33 Canaccord 15 UBS K
09:30:00 V 0.28 - 5,000 80 National Bank 43 Caldwell K
09:30:00 V 0.28 - 5,000 80 National Bank 43 Caldwell K
09:30:00 V 0.28 - 43,500 33 Canaccord 43 Caldwell K
Aug 23/10 Aug 20/10 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 306,000 $0.248
Aug 23/10 Aug 13/10 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 3,500 $0.190