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Securities > Resolved Actions > Southwestern Resources Corporation
    Southwestern Resources Corporation
    The statements of claim allege that the defendants negligently or recklessly misrepresented the quantity of gold in its drill samples taken from the Boka Gold Project in China. The claim is on behalf of all persons who acquired Southwestern securities, whether pursuant to a prospectus or over the TSX, in the period December 3, 2002 to July 18, 2007 (the "class period").

    The parties reached a settlement that provides for the creation of fund of $15.5 million. The Settlement Agreement may be reviewed here: [English] [French].

    The Settlement Agreement was approved by the Courts in Ontario, British Columbia and Québec in late 2008, and also approved the publication of the following notice to class members: [English] [French].

    As the notice discloses, in order to be eligible to receive compensation from the Settlement class members must submit a Claim Form and any supporting documentation to the Claims Administrator on or before June 1, 2009 at 5:00 p.m. ET. Those class members who do not wish to participate in the Settlement must opt out on or before February 5, 2009 at 5:00 p.m. ET.

    For further information about filing a claim or opting out please contact that Claims Administrator at 1-866-669-6615 or visit their website at http://www.southwesternclassaction.com.


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