St. Elias Mines

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I'm not sure if the litigation she announced yesterday is the same one she announced in September 2012. They look suprprisingly similar except the 2012 release mentions "misinformation about the company and its executives."

VANCOUVER, British Columbia, Sept. 28, 2012 /PRNewswire/ -- Lori McClenahan, President of St. Elias Mines Ltd. (SLI – TSX:V) (Frankfurt Exchange: EKL) (U.S. Clearing Symbol: SELSF) ("St. Elias" or the "Company") announced today that she and the Company have filed a Petition in the Supreme Court of British Columbia looking to identify certain anonymous individuals posting various comments on on-line bulletin boards that the Company views as false and defamatory. By means of this Court process, St. Elias and McClenahan are seeking an Order that will compel disclosure of identifying information for these anonymous individuals. This step is a necessary precursor for defamation litigation.

"St. Elias encourages open and honest communications. However, it will not sit by idly while anonymous persons spread misinformation about the Company and its executives on-line" stated Lori McClenahan . "This misinformation is damaging to St. Elias. The Company can and will take appropriate legal steps to address this."

Yesterdays news release doesn't mention executives. Well, I guess it does in a way. She's also suing one of the former directors? Lloyd??? Not sure who, I guess we'll find out all the names at once!

St. Elias Mines has commenced litigation in the Supreme Court of British Columbia, along with its president and chief executive officer, Lori McClenahan, against a number of individuals for defamation, conspiracy and other causes of action. In this lawsuit, St. Elias also alleges breach of fiduciary duty by a former director. Many of the defendants are unknown individuals who have posted defamatory comments against St. Elias and Ms. McClenahan by means of pseudonyms. Legal processes exist whereby the identity of such persons can be determined, and those processes will be utilized. St. Elias and Ms. McClenahan intend to pursue this litigation vigourously and seek all available remedies, including damages

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molson200
City
Darwell
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Date Joined
10/18/2011
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St. Elias Mines
Symbol
SLI
Exchange
TSX-V
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130.4 M (FD) : Nov 29, 2011
Industry
Metals & Minerals
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