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Eco Oro Files Complaint with BCSC in Response to Material Misrepresentation Made by Courtenay Wolfe and Harrington Global Opportunities Fund Ltd.
Eco Oro Files Complaint with BCSC in Response to Material Misrepresentation Made by Courte...
About this update from Eco Oro Minerals Corp.
[{"type":"text","content":"\n\n\n\nEco Oro Files Complaint with BCSC in Response to Material Misrepresentation Made by Courtenay Wolfe and Harrington Global Opportunities Fund Ltd.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Feb. 28, 2017\n\n\n\nVANCOUVER, Feb. 28, 2017 /CNW/ - Eco Oro Minerals Corp. (\"Eco Oro\" or the \"Company\") (TSX: EOM) announces that it has filed a complaint with the British Columbia Securities Commission (\"BCSC\") in respect of a material misrepresentation made by a dissident shareholder group led by Courtenay Wolfe and Harrington Global Opportunities Fund Ltd. (the \"Dissidents\") in a press release dated February 27, 2017.\n\nThe Dissidents claim to have received \"overwhelming support\" from Eco Oro shareholders for the reconstitution of the board of directors of the Company (the \"Board\"). Based on discussions with the Company's shareholders, the Board believes that close to a majority of Eco Oro shareholders support the current Board and management team. Several shareholders have also contacted the Board to express their dismay with the Dissidents' action and share the Board's concern that the Dissidents' action may distract and destabilize Eco Oro during a very critical time as it pursues its arbitration claim against the Colombian government. \n\nThe Board is also troubled that the Dissidents have erected a website which appears to only be accessible by those shareholders who surrender their personal information and agree to be contacted by the Dissidents and their representatives.\n\nThe shareholder meeting requisition dated February 10, 2017 (the \"Requisition\") in which the Dissidents request the convening of a meeting of shareholders of the Company at which the shareholders will be asked to vote on a resolution to replace the Board, is still under consideration by the Company. \n\nThe Board together with its legal advisors is considering the validity of the Requisition and investigating potential violations of securities laws in connection with the Requisition.\n\nCompany Profile\n\nEco Oro...