Complaints withdrawn as I-Minerals prepares to counterclaim

By James Sean Dickson
Published: Thursday, 21 May 2015

Legal proceedings appear to be winding down and in I-Minerals’ favour. A claim had originally surfaced that the company did not meet its payment obligations for the Helmer-Bovill quartz-feldspar-halloysite-kaolin deposit. The company is continuing to push the project forward despite the legal action siphoning away I-Minerals’ time and cash reserves.

Vancouver, Canada-based I-Minerals Inc. saw the withdrawal of a complaint filed against the company by Hoodoo Resources LLC and the Brent Thompson Family Trust this week.

The complaint was voluntarily amended by the two plaintiffs, thereby cancelling their claims of fraud and conspiracy, which were first registered last year with respect to...

This is a preview of the full article

Logo
  • 2 years pricing data on all minerals
  • The latest global news and features
  • Print magazine
  • Article archive ranging from 1988
  • Access on the move with IM Insight mobile app




Take a Trial or Subscription today. Start below: