IMX reassures investors over legal claim, shares rise 17%

Shares in IMX Resources fell by 30 per cent when the claim against the company was announced in September. Photo: Flickr

Shares in IMX Resources fell 30 per cent last month when its former subsidiary announced it was launching a potential claim worth A$75m against the firm. Photo: Flickr

Shares in IMX Resources climbed 17 per cent on Friday after the company announced the cost of defending itself against a claim launched by liquidators of its former subsidiary, Termite Resources, would be A$450,000. [Read more…]

Focus Graphite faces $450k legal claim from its former President and current CEO of Alabama Graphite

Focus Graphite is a Canadian junior explorer and owner of the 16% carbon grade Lac Knife crystalline flake graphite deposit located in Quebec. Photo: Focus Graphite

Focus Graphite is a Canadian junior explorer and owner of the 16% carbon grade Lac Knife crystalline flake graphite deposit located in Quebec. Photo: Focus Graphite

Focus Graphite announced on Wednesday that its former President and COO, Don Baxter, has filed a $450,000 claim against the company for wrongful dismissal. Baxter is currently CEO of Alabama Graphite. [Read more…]