Siskinds LLP



Siskinds LLP

October 15, 2012 14:38 ET

Cathay Forest Products Corp. Securities Class Action

Notice of the Granting of Leave to Proceed With Statutory Secondary Market Misrepresentation Claims

LONDON, ONTARIO--(Marketwire - Oct. 15, 2012) - This notice is directed to all persons, wherever they may reside or be domiciled, who acquired securities of Cathay Forest Products Corp. ("Cathay") during the period from and including November 9, 2009 to and including February 1, 2011 (the "Proposed Class Period").

On September 14, 2012, The Honourable Madam Justice H. A. Rady of the Ontario Superior Court of Justice, in the proposed class proceeding styled Snelgrove v Cathay Forest Products Corp., et al., Court File No. 4369-11CP (the "Action") granted leave to D. Kingsley Snelgrove (the "Plaintiff"), pursuant to section 138.8 of the Ontario Securities Act, RSO 1990, c S. 5, to assert, as against the Defendant Anthony Ng, the statutory cause of action for misrepresentation in certain core documents of Cathay (the "Leave Order").

The Leave Order means that the Plaintiff can assert, under Part XXIII.1 of the Ontario Securities Act, that the Defendant Anthony Ng has liability for alleged misrepresentations in Cathay's secondary market disclosure documents disseminated during the Proposed Class Period.

Leave is a preliminary procedural matter. The merits of the claims in the Action, and the allegations of fact on which the claims are based, have not been finally determined by the Court. Leave has not yet been obtained against the Defendants other than Anthony Ng. The Defendants other than Anthony Ng have appeared in the Action and deny that the claims in the Action have merit.

ADDITIONAL INFORMATION

The Ontario Superior Court of Justice offices cannot answer any questions about the matters in this notice. The claim, orders of the court and other information are available on the Plaintiff's counsel's website at www.classaction.ca.

Questions relating to the Action should be directed by email or telephone to the Plaintiff's counsel:

Nicholas C. Baker
Siskinds LLP
680 Waterloo Street
London, ON N6A 3V4
Tel: 1.800.461.6166 ext. 7868 (toll free)
Email: nicholas.baker@siskinds.com

Contact Information