TRQ Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Turquoise Hill Resources Ltd. Investors of Class Action and Lead Plaintiff Deadline: December 14, 2020

Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Turquoise Hill Resources Ltd. ("Turquoise Hill" or "the Company") (NYSE:TRQ) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Turquoise Hill securities between July 17, 2018 and July 31, 2019, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.comtrq

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements and omitted to disclose material facts regarding the Company's business and operations. Specifically the complaint alleges that Defendants made false and or misleading statements and/or failed to disclose that: (1) the progress of underground development of Oyu Tolgoi was not proceeding as planned; (2) there were significant undisclosed underground stability issues that called into question the design of the mine, the projected cost and timing of production; (3) the Company's publicly disclosed estimates of the cost, date of completion and dates for production from the underground mine were not achievable; (4) the development capital required for the underground development of Oyu Tolgoi would cost substantially more than a billion dollars over what the Company had represented; and (5) Turquoise Hill would require additional financing and/or equity to complete the project.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/trq or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Turquoise Hill you have until December 14, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC



View source version on accesswire.com:
https://www.accesswire.com/612153/TRQ-Shareholder-Alert-Bronstein-Gewirtz-Grossman-LLC-Notifies-Turquoise-Hill-Resources-Ltd-Investors-of-Class-Action-and-Lead-Plaintiff-Deadline-December-14-2020

News Provided by ACCESSWIRE IA via QuoteMedia

The Conversation (0)
Titan Minerals

Titan and Hanrine Enter into Joint Venture s Earn-In Agreement

Hanrine to spend up to US$120M to earn 80% in Linderos Copper Project

Titan Minerals Limited (ASX: TTM) (Titan or the Company) refers to its ASX announcement dated 18 April 2024 and is pleased to announce that Titan and its wholly owned subsidiary, Linderos Mining S.A.S (Linderos), have executed a binding joint venture and earn-in agreement (JVA) with Hanrine Ecuadorian Exploration and Mining S.A. (Hanrine), an indirectly wholly owned subsidiary of Hancock Prospecting Pty Ltd (Hancock), for Hanrine to acquire up to an 8o% ownership interest in the Linderos Copper Project (Project) in Ecuador (Transaction).

Keep reading...Show less
"Retirement" written on a compass.

First Quantum Introduces Voluntary Retirement Scheme Amid Cobre Panama Uncertainty

First Quantum Minerals (TSX:FM,OTC Pink:FQVLF) has introduced a voluntary retirement scheme for employees at its Cobre Panama mine as it awaits government action on whether operations will be able to resume.

This comes after the mine’s closure in November 2023 due to a ruling from Panama’s Supreme Court that declared the company's mining contract unconstitutional following months of environmental protests.

Reuters reported on Monday (September 16) that sources familiar with the matter say First Quantum has offered the voluntary retirement option as part of its efforts to manage the uncertainties surrounding the mine’s future.

Keep reading...Show less
True North Copper

TNC Delivers First Oxide Ore at Wallace North, Cloncurry Copper Project

True North Copper Limited (ASX:TNC) (True North, TNC or the Company) is pleased to announce it is progressing mining activities at the Wallace North deposit, part of its Cloncurry Copper Project (CCP) in Queensland1, on schedule.

Keep reading...Show less
Copper chunk on top of copper periodic symbol.

Artemis and Anax Enter MOU to Explore Pilbara Copper and Gold Opportunities

Artemis Resources (ASX:ARV,OTC Pink:ARTFF) and Anax Metals (ASX:ANX) have entered a 12 month memorandum of understanding (MOU) to explore copper and gold opportunities in Western Australia.

In a Tuesday (September 10) press release, the companies said under the non-binding and non-exclusive MOU, they will assess the potential to process copper from Artemis’ Greater Carlow resource at the Whim Creek processing hub.

Additionally, they will to look into the potential for Artemis to explore gold mineralisation on tenements held by Anax.

Keep reading...Show less
Three copper bars.

ASX Copper Stocks: 5 Biggest Companies in 2024

Copper saw sinking prices toward the end of 2023, but things began to shift in early 2024 as treatment charges at Chinese refiners dropped to single digit lows, causing some to cut production.

This led to increased momentum in the price of copper as refined product supply became increasingly tight for consumers of the base metal. In April, the price broke US$10,000 per tonne and set new all time highs on both the London Metals Exchange and the Chicago Mercantile Exchange.

Copper has since retreated and has been trading in the US$8,800 to US$9,200 range mark in August and September. Despite recent pullbacks, prices are likely to see gains as markets supply deficits are expected over the next several years as demand from energy transition sectors continue to grow.

Keep reading...Show less
Anax Metals (ASX:ANX)

Anax Metals Limited


Keep reading...Show less

Latest Press Releases

Related News

×