April 29, 2014 08:05 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2014) - Baja Mining Corp. (the "Company" or "Baja") (TSX VENTURE:BAJ)(OTCQB:BAJFF) provides a further update to its announcement on April 9, 2014 notifying of the hearing that was held on April 8, 2014 in the Ontario Superior Court of Justice in connection with the proposed class action proceeding previously reported on July 27, 2012.
On April 28, 2014 the Ontario Superior Court of Justice certified the action as a class proceeding under the Ontario Class Proceedings Act. The court dismissed all claims against Graham Thody, C. Thomas Ogryzlo, Wolf Seidler, François Marland, Giles Baynham, Gerald Prosalendis and Kendra Low. As against Baja and the remaining individual defendants, the court granted leave to the plaintiff to proceed only with respect to statutory claims under s. 138.3 of the Ontario Securities Act and dismissed all other claims. The plaintiff Joseph Sue-Tang has been replaced by John Matthew Donohue.
The Company intends to continue to vigorously defend the lawsuit. No assurances can be given with respect to the outcome of any proceedings.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements or forward-looking information (forward-looking statements). These statements can be identified by expressions of belief, expectation or intention, as well as those statements that are not historical fact. Forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. Forward-looking statements contained in this press release are based on our current estimates, expectations and projections, which the Company believes are reasonable as of the current date. Actual results could differ materially from those anticipated or implied in the forward-looking statements and as a result undue reliance should not be placed on them. Additional risks and uncertainties can be found in the Company's reporting documents filed on SEDAR (www.sedar.com), including its Management Discussion and Analysis and Annual Information Form. Forward-looking statements are given only as at the date of this news release and the Company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Baja Mining Corp.Tom OgryzloInterim CEO604email@example.com
See all RSS Newsfeeds