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
Former homicide detective explains how police will investigate shooting outside Drake's Bridle Path mansion
Footage from dozens of security cameras in the area of Drake’s Bridle Path mansion could be the key to identifying the suspect responsible for shooting and seriously injuring a security guard outside the rapper’s sprawling home early Tuesday morning, a former Toronto homicide detective says.
Federal government grants B.C.'s request to recriminalize hard drugs in public spaces
The federal government is granting British Columbia's request to recriminalize hard drugs in public spaces, nearly two weeks after the province asked to end its pilot project early over concerns of public drug use.
Stormy Daniels describes meeting Trump during occasionally graphic testimony in hush money trial
Stormy Daniels took the witness stand Tuesday at Donald Trump's hush money trial, describing for jurors a sexual encounter the porn actor says she had with him in 2006 that resulted in her being paid off to keep silent during the presidential race 10 years later.
MPs agree Canadian gov't should improve new disability benefit
The federal government needs to safeguard the incoming Canada Disability Benefit from clawbacks and do more to ensure it actually meets the stated aim of lifting people living with disabilities out of poverty, MPs from all parties agree.
Bye-bye bag fee: Calgary repeals single-use bylaw
A Calgary bylaw requiring businesses to charge a minimum bag fee and only provide single-use items when requested has officially been tossed.
CFL suspends Argos QB Chad Kelly at least nine games following investigation
The CFL suspended Toronto Argonauts quarterback Chad Kelly for at least nine regular-season games Tuesday following its investigation into a lawsuit filed by a former strength-and-conditioning coach against both the player and club.
Boy Scouts of America changing name for first time in 114 years, aiming for inclusivity
The Boy Scouts of America is changing its name for the first time in its 114-year history and will become Scouting America. It's a significant shift as the organization emerges from bankruptcy following a flood of sexual abuse claims and seeks to focus on inclusion.
opinion Tom Mulcair: Trudeau's handling of Poilievre's 'wacko' House turfing a clear sign of Liberal desperation
When Speaker Greg Fergus tossed out Pierre Poilievre from the House last week, "those of us who have experience as parliamentarians simply couldn't believe our eyes," writes former NDP leader Tom Mulcair in his column for CTVNews.ca
New charges for Ont. woman who previously admitted to defrauding doulas
The Brantford, Ont. woman who was previously sentenced to house arrest after admitting to deceiving doulas has been charged again in connection to a new victim.