re: Ann: Second Tranche of Share Placement to... Can this get any messier?
According to a report in the Australian Financial Review today, Indonesian gold explorer Sihayo Gold’s outgoing chief executive officer Paul Willis has filed a lawsuit against Intrepid Mines, Emperor Mines, Intrepid CEO Brad Gordon and employee Vanessa Chidrawi, as well as PT IMN.
The lawsuit was reportedly filed on Thursday in the South Jakarta District Court.
The AFR report refers to Willis as the man credited with discovering the Tujuh Bukit project and it is understood he is seeking compensation to the amount of $A2.5 million relating to personal costs incurred at the project.
In addition, the report said Willis was seeking a further $250 million for loss of economic opportunity.
It is understood Willis is alleging Intrepid and the other listed parties forced him to sign two agreements through methods of intimidation which effectively released his rights over Tujuh Bukit back in April 2008.
Willis told the AFR he had only initiated legal action against the parties now because other witnesses had come forward.
“No doubt Intrepid will dispute it but now we’ll go to court and show that it was absolutely duress and intimidation that led to the signing over,” Willis was quoted as saying.
re: Ann: Second Tranche of Share Placement to... Can this get...
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