• Connect with us
  • Information
    • About Us
    • Contact Us
    • Careers
    • Partnerships
    • Advertise With Us
    • Authors
    • Browse Topics
    • Events
    • Disclaimer
    • Privacy Policy
  • NORTH AMERICA EDITION
    Australia
    North America
    World
Login
Investing News NetworkYour trusted source for investing success
  • NORTH AMERICA EDITION
    North America
    Australia
    World
  • My INN
Videos
Companies
Press Releases
Private Placements
SUBSCRIBE
  • Reports & Guides
    • Market Outlook Reports
    • Investing Guides
  • Button
Resource
  • Precious Metals
  • Battery Metals
  • Base Metals
  • Energy
  • Critical Minerals
Tech
Life Science
Diamond Market
Diamond News
Diamond Stocks
  • Diamond Market
  • Diamond News
  • Diamond Stocks

Engineering Firm Seeks $180,000 from Shear Diamonds

Charlotte McLeod
Jun. 12, 2013 10:32AM PST
Diamond Investing

CBC News reported that EBA Engineering Consultants has been granted an order to seek $180,000 in assets from Shear Diamonds Ltd. (TSXV:SRM), owner of the Nunavut-based Jericho diamond mine. The company’s management “virtually disappeared” in the fall of 2012 and has not paid EBA for six months of engineering and consulting work.

CBC News reported that EBA Engineering Consultants has been granted an order to seek $180,000 in assets from Shear Diamonds Ltd. (TSXV:SRM), owner of the Nunavut-based Jericho diamond mine. The company’s management “virtually disappeared” in the fall of 2012 and has not paid EBA for six months of engineering and consulting work.

As quoted in the market news:

The lawyer for EBA Engineering Consultants described multiple efforts to contact Shear Diamonds and to serve notice of the lawsuit.

Documents filed with the court allege that Shear’s president, Julie Lassonde, did not respond to emails starting in November of 2012. She has not been heard from since.

In email correspondence, filed with the court as evidence, a former contractor with EBA says she also hasn’t heard from Shear Diamonds. She added that she has been contacted by other companies who were also unpaid and facing the same “wall of silence.”

Justice Earle Johnson said he was satisfied with the efforts made to reach the company, and granted the order.

Click here to read the full CBC News report.

shear-diamonds tsxv-srm shear-diamonds-ltd
The Conversation (0)

Go Deeper

AI Powered
Star Diamond Corporation

Star Diamond Corporation

Rough, yellow diamond against a blue background.

Rio Tinto Unveils 158.2 Carat Yellow Diamond, Plus Rare Auction and Tariff Tensions

Latest News

Outlook Reports

Resource
  • Precious Metals
    • Gold
    • Silver
  • Battery Metals
    • Lithium
    • Cobalt
    • Graphite
    • Electric Vehicles
  • Agriculture
  • Base Metals
    • Copper
    • Nickel
    • Zinc
  • Critical Metals
    • Rare Earths
  • Energy
    • Uranium
    • Oil and Gas
Tech
    • Artificial Intelligence
    • Cybersecurity
    • Robotics
    • Crypto
    • Cleantech
Life Science
    • Biotech
    • Cannabis
    • Pharmaceuticals

Featured Stocks

More featured stocks

Browse Companies

Resource
  • Precious Metals
  • Battery Metals
  • Energy
  • Base Metals
  • Critical Metals
Tech
Life Science
MARKETS
COMMODITIES
CURRENCIES