TORONTO, July 3, 2024
/PRNewswire/ - The Supreme Court of British Columbia has approved a settlement
between Victoria Gold Corp. ("Victoria Gold"), John McConnell, T. Sean
Harvey, Michael McInnis,
Sean Roosen, Marty Rendall, Orion Co-VI Ltd., BMO Nesbitt
Burns Inc., CIBC World Markets Inc. and PI Financial Corp. and the
Plaintiff in a class action.
Your legal rights are affected even if you do nothing. Please
read this notice carefully.
The class action was commenced on behalf all persons and
entities, wherever they may reside or may be domiciled, who
purchased or otherwise acquired securities of Victoria Gold either:
- in the secondary offering of Victoria Gold's common shares which closed on
September 30, 2020, and held all or
some of those securities as of November 13,
2020; or
- on a stock exchange between July 1,
2020 and November 12, 2020,
and held all or some of those securities as of November 13, 2020.
Under the settlement, Victoria
Gold will pay or cause to be paid CAD $925,000. The Defendants do not admit any
wrongdoing or liability on their part and the Court has not made
any findings of wrongdoing or liability in respect of the
Defendants.
YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT:
You have two options:
- Submit a Claim Form:
Fill out a Claim Form online
and submit it with supporting documentation by the deadline to
apply for compensation. The deadline for Claim Form submission
is October 31,
2024.
- Do Nothing:
Give up any right to
compensation.
To make a claim for compensation, you must complete a Claim Form
online and submit it along with documentation confirming your
acquisition of Victoria Gold's
securities. The Claim Form is available at
https://knd.law/class-actions/victoria-gold-corp/. You must submit
your Claim Form and documentation using this website by
October 31, 2024 to be able to
receive compensation.
Further information can be found in the Settlement Agreement,
Court-approved Plan of Allocation, and other relevant documents,
which are available at
https://knd.law/class-actions/victoria-gold-corp/.
The lawyers for the Plaintiff and the Class in this class action
are KND Complex Litigation.
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SOURCE KND Complex Litigation