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Alpha Minerals Inc. (TSXV:AMW) seeks to update Alpha securityholders on a litigation matter that was disclosed in its information circular.
As quoted in the press release:
The Counterclaim includes allegations of breaches of British Columbia securities laws, slander, wrongful interference, improper assignment, and improper variation of obligations. The relief being sought in the Counterclaim includes unspecified losses and damages, declarations of ownership in relation to certain mineral permits and claims, declarations concerning the enforceability of certain assignments, injunctions preventing the defendants by way of counterclaim from disparaging certain mineral permits and claims, interest, and costs. In connection with the proposed Fission spinout transaction, Fission proposes to transfer its rights and interests in the Claim to Fission 3.0 Corp. (“Fission Spinco”) and Fission Spinco has agreed to indemnify Fission to the extent that Fission incurs any costs in connection with the Claim including the Counterclaim.
Click here to read the Alpha Minerals Inc. (TSXV:AMW) press release
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