VANCOUVER, April 5, 2017 /CNW/ - Eco Oro Minerals Corp. ("Eco Oro" or the "Company") (TSX: EOM) and each member of the Eco Oro board of directors (the "Board") filed a claim against Harrington Global Opportunities Fund Ltd., Courtenay Wolfe and Danny Guy (the "Defendants") with the Supreme Court of British Columbia (the "Claim").
The Claim alleges that, among other things, on March 29, 2017 the Defendants, either directly or through their agents, published a dissident proxy circular in connection with the annual general and special meeting of Eco Oro shareholders scheduled for April 25, 2017, on SEDAR and by other means, which contained statements that were false, misleading and defamatory of Eco Oro and the Board.
Eco Oro and the Board believe that these false, misleading and defamatory statements were intended to harm Eco Oro and its Board in service of the Defendants' proxy contest against the Board. Eco Oro and the Board believe the Defendants' conduct may have potentially inappropriately jeopardized the Company's perception among shareholders and the public and therefore negatively impacted the Company's ability to maximize value for shareholders.
In the Claim, Eco Oro and the Board seek, among other things, injunctive relief restraining the Defendants from further publishing or republishing the false, misleading and defamatory statements, and monetary damages from the Defendants.
Eco Oro is confident in the merits of the Claim and that the relief and damages sought by Eco Oro and the Board will be awarded.
Company Profile
Eco Oro Minerals Corp. is a publicly-traded precious metals exploration and development company with a portfolio of projects in Colombia. Eco Oro has been focused on its wholly-owned, multi-million ounce Angostura gold-silver deposit, located in northeastern Colombia.
