Diamond

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.

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