Ekati Stakeholder Files Lawsuit: Harry Winston

Bloomberg reported that Harry Winston Diamond Corp. has said that C. Fipke Holdings Ltd, a minority stakeholder of the Ekati diamond mine, has launched a legal suit to block the company’s planned acquisition of an 80% share of BHP Billiton Ltd’s Canadian operation.

As quoted in the market news:

C. Fipke Holdings Ltd. alleged in an action in Ontario Superior Court of Justice that offers made by BHP to Fipke didn’t comply with Fipke’s rights under joint-venture agreements for Ekati, Toronto-based Harry Winston said yesterday in a statement. The suit also names Harry Winston, Stewart Blusson, who is another minority owner, and Blusson-controlled Archon (ACS) Minerals Ltd., according to the statement.

Click here to read the full Bloomberg report.

Get the Latest Diamond Investing Stock Information

Get the latest information about companies associated with Diamond Investing delivered directly to your inbox.

Diamond

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Ag-CoverGet our expert guide to diamond investing FREE! Download this FREE Special Report, Investing in Stornoway Diamonds or Other Canadian Diamond Mines – Beyond the Diamond Price Calculator.
Comments

Leave a Reply