Eastern Plat­inum re­ceives pe­ti­tion over Union Goal deal

Stockwatch Daily - - MINES & METALS - Mr. Row­land Wal­le­nius re­ports

EASTERN PLAT­INUM Ltd. has re­ceived a pe­ti­tion filed with the Supreme Court of British Columbia by 2538520 On­tario Ltd., a share­holder of the com­pany, seek­ing leave from the court to com­mence a de­riv­a­tive ac­tion on be­half of the com­pany against cer­tain of its cur­rent and for­mer di­rec­tors in re­la­tion to the ap­proval of the trans­ac­tions be­tween the com­pany and Union Goal Off­shore So­lu­tions Ltd. (See news re­lease of March 5, 2018.) The board of the com­pany has formed a spe­cial com­mit­tee of three non-man­age­ment di­rec­tors to re­view the pe­ti­tion and make a rec­om­men­da­tion on the ap­pro­pri­ate ac­tion.

We seek Safe Har­bor.

Michael Cosic, Nigel K Den­toom, Ge­orge Gra­ham Dorin, Xin Guan, Di­ana Hu, Bielin Shi

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