Junior company Bridger Resources (VSE) is proceeding with an action for damages, which involves allegations of breach of contract against Teck (TSE).
Bridger alleges the parties reached an agreement under which Teck consented to lend funds to the junior so it could make a property payment to the vendor of the La Pepa gold mine in Chile. Teck denies such a contract existed or that it was under any obligation to advance the funds to Bridger. The trial has been set for 10 days beginning in mid-November.
Bridger has proposed a share consolidation (one new for three old shares) and a name change to BDG Pacific Resources. These and other proposals will be brought forward at the annual meeting to be held in Vancouver on June 30.
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