Contractor sues Timmins gold miner for $7.4M
Gowest Gold Ltd. in Timmins announced Monday it is being sued by North Bay-based Cementation Canada Inc. for $7.4 million.
Based in North Bay, Cementation is "seeking payment in the amount of approximately $7.4 million in respect of certain services and materials provided to the company under a contract between the parties dated as of March 2, 2017," said the post on Gowest's website.
"Cementation has further caused a lien to be registered on title to the company’s Bradshaw gold deposit. The statement of claim also names Greenwater Investment Hong Kong Ltd., the company’s largest shareholder and secured creditor, as a defendant in the action."
Officials with Gowest are evaluating the merits of the claim, the post said, as well as "its defence and other potential options available to it in response to the action."
The company is working to develop its Bradshaw gold deposit north of Timmins. In March of this year, Greenwater announced it was providing $19 million for the effort to restart the gold mine.
The impact of the statement of claim is still being evaluated, Gowest said.
"The Company remains in discussions with Greenwater with respect to the closing of its proposed additional equity investment in the company, including the impact that the Cementation action may have on this proposed investment," the statement said.
"The company remains committed to moving forward with its efforts to restart mining activities at Bradshaw and intends to continue its activities in this regard."
Gowest is a Canadian gold exploration and development company focused on the delineation and development of its 100 per cent owned Bradshaw Gold Deposit on the Frankfield Property, part of the company’s North Timmins Gold Project.
Gowest is exploring additional gold targets on its more than 100‐square‐kilometre holdings and continues to evaluate the area, which is part of the Timmins gold camp.
CTVNews.ca Top Stories
RCMP uncovers alleged plot by 2 Montreal men to illegally sell drones, equipment to Libya
The RCMP says it has uncovered a plot by two men in Montreal to sell Chinese drones and military equipment to Libya illegally.
Demonstrators kicked out of Ontario legislature for disruption after failed keffiyeh vote
A group of demonstrators were kicked out of the legislature after a second NDP motion calling for unanimous consent to reverse a ban on the keffiyeh failed to pass.
Tom Mulcair: Park littered with trash after 'pilot project' is perfect symbol of Trudeau governance
Former NDP leader Tom Mulcair says that what's happening now in a trash-littered federal park in Quebec is a perfect metaphor for how the Trudeau government runs things.
Government agrees to US$138.7M settlement over FBI's botching of Larry Nassar assault allegations
The U.S. Justice Department announced a US$138.7 million settlement Tuesday with more than 100 people who accused the FBI of grossly mishandling allegations of sexual assault against Larry Nassar in 2015 and 2016, a critical time gap that allowed the sports doctor to continue to prey on victims before his arrest.
Man wanted in connection with deadly shooting in Toronto tops list of most wanted fugitives in Canada
A 35-year-old man wanted in connection with the murder of Toronto resident 29-year-old Sharmar Powell-Flowers nine months ago has topped the list of the BOLO program’s 25 most wanted fugitives across Canada, police announced Tuesday.
Doctors ask Liberal government to reconsider capital gains tax change
The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing it will affect doctors' retirement savings.
Keeping these exotic pets is 'cruel' and 'dangerous,' Canadian animal advocates say
Canadian pet owners are finding companionship beyond dogs and cats. Tigers, alligators, scorpions and tarantulas are among some of the exotic pets they are keeping in private homes, which pose risks to public safety and animal welfare, advocates say.
Thieves use stolen forklift to rip cash machine out of U.K. bank
Police in the U.K. are searching for a group of suspects seen on video using a forklift to steal a cash machine from a bank.
'There was a lot of black smoke': Crane operator sounds alarm while trapped during highrise fire in Halifax
A tower crane operator alerted emergency crews after noticing a fire on a construction site in Halifax Tuesday morning.