Monday, April 5, 2010

Bear Lake Gold (TSXV:BLG) Settles Lawsuit

Bear Lake Gold

A class action lawsuit filed against Bear Lake Gold (TSXV:BLG) has reportedly been settled, although no terms of the deal were revealed.

The terms, while not disclosed, will be funded, for the most part, "through directors and officers insurance coverage, with a contribution from the company."

The lawsuit was followed after it was found there were "serious material inconsistencies in its exploration data."

The settlement still has to be approved by the court.

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