Barkerville shareholder petitions for AGM
A shareholder has this morning filed a court petition against Vancouver-based Barkerville Gold Mines Ltd. (TSX-V:BGM), which has attracted market and regulator skepticism in recent months over an alleged massive gold discovery.
The company was cease traded in August after the BC Securities Commission rejected the technical report that the company had filed, purporting to substantiate Barkerville's gold discovery at its Cow Mountain deposit.
This morning, Barkerville announced that shareholder Rex Harbour had filed a petition in BC Supreme Court against the company and Frank Callaghan (pictured), Barkerville's president and CEO. According to the company, the petition asks the court to:
- authorize Harbour to call an annual general and special meeting;
- authorize Harbour to give notice of the meeting to company shareholders and prepare an information circular regarding the business of the meeting; and
- appoint shareholder Graydon Kowal, or a court-designated individual, to act as independent chair of the meeting – or allow shareholders to elect an independent chair.
Barkerville said the petition is expected to be heard on January 7, 2013, subject to court availability.
"The petition by Mr. Harbour," the Barkerville statement says, "is without merit or standing and the company intends to vigorously defend such petition."
In September, Barkerville announced that the BC Registrar of Companies had granted it an extension on its annual general meeting (AGM) timing, allowing the company to hold its AGM up until May 26, 2013.