Bear Lake Gold LTD NEW : Aus 2 mach 1!
Das beste wäre:
Klage ist haltlos und wird deshalb abgewiesen!!
4/5/2010 9:38 AM - Canada NewsWire
VANCOUVER, Apr 5, 2010 (Canada NewsWire via COMTEX News Network) --
The following issues have been halted by Investment Industry Regulatory Organization of Canada (IIROC):
<< Issuer Name: Bear Lake Gold Ltd. TSX-V Ticker Symbol: BLG Time of Halt: 9:25 ET Reason for Halt: Company Request Pending News >>
SOURCE: Investment Industry Regulatory Organization of Canada (IIROC)
SOURCE: Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions
contact - IIROC Inquiries (416) 646-7299 - * Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.
Copyright (C) 2010 CNW Group. All rights reserved.
Bear Lake Gold Announces Conditional Settlement of Class Action Lawsuit
LONGUEUIL, QUEBEC--(Marketwire - April 5, 2010) - Bear Lake Gold Ltd. (the "Company") (TSX VENTURE:BLG) is pleased to announce that it has reached an agreement in principle to settle the class action commenced in Ontario against the Company, its directors and certain of its current and former officers (the "Class Action"). The claims in the Class Action remain unproven and the Class Action has not received court approval.
The agreement in principle provides for the settlement, release and dismissal of all claims asserted against the Company and the individual proposed defendants other than the Company's former Vice President Exploration (it is currently anticipated that a settlement including Mr. Bernard Boily will be reached by April 9, 2010). The settlement amount is to be funded primarily through directors and officers insurance coverage, with a contribution from the Company. The agreement in principle remains subject to final settlement documentation and court approval. The proposed settlement does not and will not constitute any admission of liability by the Company or its officers, directors or employees.
Forward-looking Statements
This news release contains certain "forward-looking statements". All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, are forward-looking statements. These forward-looking statements reflect the current internal projections, expectations or beliefs of management of the Company based on information currently available to them. Forward-looking statements are subject to a number of known and unknown risks and uncertainties beyond the Company's control. There can be no assurance that such statements will prove to be accurate. In particular, there can be no assurance that the settlement described herein will be completed upon the terms described or at all, or that other actions will not be commenced against the Company in respect of the same subject matter. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
"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 more information, please contact
Bear Lake Gold Ltd.
Francois Viens
President and CEO
450-677-2172
450-677-2601 (FAX)
www.bearlakegold.com
or
Bear Lake Gold Ltd.
David Fennell
Chairman
450-677-2258
or
Bear Lake Gold Ltd.
Carole Plante
Corporate Secretary
450-677-2065
PR 05, 2010 11.35 Uhr ET
Bear Lake Gold kündigt Conditional Beilegung von Sammelklage
Longueuil, Québec - (Marketwire - 5. April 2010) - Bear Lake Gold Ltd (das "Unternehmen") (TSX VENTURE: BLG) freut sich bekanntzugeben, dass es eine grundsätzliche Einigung auf die Klasse in Aktion begonnen niederlassen erreicht Ontario gegen die Gesellschaft, ihre Direktoren und einige seiner aktuellen und ehemaligen Offiziere (die "Class Action"). Die Behauptungen in den Class Action bleiben unbewiesen und die Class Action hat noch gerichtliche Genehmigung erhalten.
Die Vereinbarung sieht im Prinzip für die Ansiedlung, Freilassung und Entlassung von allen Ansprüchen gegen die Gesellschaft und die einzelnen Beklagten vorgeschlagenen andere als die Gesellschaft der ehemaligen Vice President Exploration (es wird derzeit davon ausgegangen, dass eine Regelung, darunter auch Herr Bernard Boily April erreicht werden 9, 2010). Die Siedlung Betrag ist in erster Linie durch Directors and Officers Versicherung finanziert werden, mit einem Beitrag aus dem Unternehmen. Die grundsätzliche Zustimmung unterworfen bleibt bis zur endgültigen Abwicklung und Dokumentation der gerichtlichen Bestätigung. Die vorgeschlagene Regelung nicht und stellen keine Anerkennung der Haftung durch das Unternehmen oder seine leitenden Angestellten, Direktoren oder Mitarbeiter.
VANCOUVER, April 5 /CNW/ - Trading resumes in:
Issuer Name: Bear Lake Gold Ltd.
TSX-V Ticker Symbol: BLG
Resumption Time: 12:30 ET
BID
Orders Volume Price Range
6 61,500 0.200-0.230
ASK§
Price Range Volume Orders
0.240-0.275 120,000 7
By The Canadian Press
ADVERTISEMENT
LONGUEUIL, Que. - Bear Lake Gold Ltd. (TSXV:BLG) announced Monday it has reached an agreement in principle to settle a class action started in Ontario against the company, its directors and a number of current and former officers.
Financial terms of the proposed settlement were not disclosed. However, the company said in a news release that it is to be funded "primarily through directors and officers insurance coverage, with a contribution from the company."
The settlement agreement provides for dismissal of all claims against the company and the individual proposed defendants other than the company's former vice-president for exploration, Bernard Boily.
"It is currently anticipated that a settlement including Mr. Bernard Boily will be reached by April 9, 2010," the news release said.
Trading in the company's stock had been halted on the TSX Venture market pending the announcement.
The proposed class action had not yet received court approval and the claims in it remained unproven, the company said, adding that "the proposed settlement does not, and will not, constitute any admission of liability by the company or its officers, directors or employees."
A London, Ont.,-based law firm had filed the proposed suit against Bear Lake last summer alleging "serious material inconsistencies in its exploration data."
Dimitri Lascaris, a partner at Siskinds LLP, said last August that the suit would seek damages for investors after Bear Lake's admitted it was aware of the inconsistencies in its data relating to its flagship Larder Lake gold mining project.
Bear Lake issued a statement July 24 stating it had suspended all operations at its Larder Lake property while it investigated the inconsistencies regarding its exploration data.
"It appears that the data inconsistencies are of a serious nature and the company believes that the reporting of corrected assay results could result in significant reductions of gold values for some of the previously announced drilling intercepts," the July statement said.
Lascaris said then that the inaccuracy of data provided by companies listed on the TSX Venture Exchange has been a long-standing problem and did not appear to be getting better.
Jetzt müssen wir bloß morgen richtg mitmachen und dann kann das ne geile Woche werden!