A shareholder of Gryphon Gold Corp. sued some of its former officers and directors alleging that they drove the company into bankruptcy through a series of illegal high-interest loans from Waterton Global Resource Management Inc. (G.R. Dawson Holdings Ltd. v. James O’Neil, Nev. 2d Jud. Dist. Ct., Washoe Cty., 17-461, complaint filed 3/3/17).
The suit, filed by G.R. Dawson Holdings Ltd. on March 3 in a Nevada state court, claims the directors and officers allowed Waterton to take control of Gryphon’s primary asset, a gold mine in Hawthorne, Nev. It alleges that the people agreed to loans at ...
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