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Highbank Resources Ltd. (TSXV:HBK) has, following a news release from May 30, 2014, filed a counterclaim against MOAG Copper Gold Resources Inc. and its directors, Bradley L. Jones and Gary Brown, alleging breach of contract and fiduciary duties. The company also seeks the return of the six million Highbank common shares released to MOAG, accounting for the profits from the sale of the six million shares, interest, costs of the action and other damages.
As quoted in the press release:
The summary trial application filed by MOAG’s counsel will not be proceeding June 25, 2014.
Click here to read the Highbank Resources Ltd. (TSXV:HBK) press release
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