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American CuMo Mining Corporation (TSXV:MLY,OTCQX:MLYCF) filed a notice claim against former management of the company, namely Brian A. McClay, Kyle McClay, Bill Jefferies and 1330275 Ontario Limited (a private company controlled by Jefferies and Brian McClay), due to actions undertaken while they were in positions of management with fiduciary responsibilities to the shareholders of the Company.
As quoted in the press release:
…has commenced an action for damages against the former management of the company namely Brian A. McClay, Kyle McClay, Bill Jefferies and 1330275 Ontario Limited (a private company controlled by Jefferies and Brian McClay). The claim arises from actions undertaken while they were in positions of management with fiduciary responsibilities to the shareholders of the company. Details of the Notice of Civil Claim can be obtained from the BC Supreme Court Registry. Management is still investigating other activities and actions that former management engaged in and further proceedings may be forthcoming.
Click here to read the American CuMo Mining Corporation (TSXV:MLY,OTCQX:MLYCF) press release
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