Besra Gold (ASX:BEZ) received a statement of claim for legal proceedings in the Superior Court of Justice of Ontario, Canada, regarding the company's dealings with Quantum Metal Recovery, according to a Friday filing with the Australian bourse.
The claim states that Besra and other defendants were allegedly oppressive to the plaintiffs and that its board of directors purportedly breached their fiduciary duties. Besra said several statements in the claim are "inaccurate and without basis," the filing stated.
Besra Gold is seeking legal advice and counterclaims or other legal remedies, according to the filing.
Shares in the company fell 10% in Friday trade.
Price (AUD): $0.08, Change: $-0.0090, Percent Change: -9.68%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.