Denver, Colorado (PRWEB) March 10, 2014
Calais Resources, Inc. (“Calais” or the “Company”) filed a lawsuit this week alleging Brigus Gold Corp. (“Brigus”) falsely represented itself as the holder of three promissory notes secured by Calais Resources’ gold and silver mining properties in Nederland, Colorado.
Calais Resources contends in the lawsuit filed March 3, 2014 in Denver District Court (Case No. 2014CV030915) by its lawyers at Patton Boggs, that, as a result of Brigus’ misrepresentations, Calais lost critical financing deals that would have provided funding for the company. Calais also contends Brigus used its misrepresentations to obtain US $1.2 million in cash from Calais in 2011 as partial payment for the debt.
Calais Resources President David Young stated: “Management and the Board feel that it is in the best interest of Calais shareholders and the local community to continue to seek relief from Brigus concerning our debt. Calais Resources is committed to continuing to operate our company and gold and silver mining operations in a professional and businesslike manner using best management practices for the benefit of all of our stakeholders.”
Calais Resources is a mining company in the exploration stage which owns and operates the Cross and Caribou gold and silver mine operations in Colorado. The Calais mining operations are fully compliant with all permitting, Mine Safety and Health Administration (MSHA) requirements and the company continues the care and maintenance of the assets.
Brigus, based out of Halifax, Nova Scotia, was acquired on March 5, 2014 by Primero Mining Corp. (“Primero”) of Toronto, Ontario, according to a release from Primero.