An announcement from Bathurst Resources Ltd ( (AU:BRL) ) is now available.
Bathurst Resources Ltd has updated the market regarding its legal proceedings with Talley’s Group Limited (TGL). TGL has filed overlapping claims against Bathurst, alleging prejudiced shareholder claims and misleading representations, alongside a request to bring a derivative action in Bathurst’s name. The New Zealand High Court has consolidated these claims into one proceeding. Bathurst has objected to TGL’s use of confidential material and filed a defense and counterclaims. The court has prioritized hearing Bathurst’s application to strike out TGL’s claims related to breach of confidence. Bathurst’s directors remain confident that a successful interlocutory application could undermine TGL’s proceedings.
More about Bathurst Resources Ltd
Bathurst Resources Ltd is a company operating in the mining industry, primarily focused on coal production. The company is listed on the Australian Securities Exchange (ASX: BRL) and targets markets that rely on coal as a primary energy source.
YTD Price Performance: 0.64%
Average Trading Volume: 382
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $93.33M
See more data about BRL stock on TipRanks’ Stock Analysis page.