Baja Mining Provides Update on Class Action Litigation
29 April 2014 - 10:05PM
Marketwired
Baja Mining Provides Update on Class Action Litigation
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 29, 2014) - Baja
Mining Corp. (the "Company" or "Baja")
(TSX-VENTURE:BAJ)(OTCQB:BAJFF) provides a further update to its
announcement on April 9, 2014 notifying of the hearing that was
held on April 8, 2014 in the Ontario Superior Court of Justice in
connection with the proposed class action proceeding previously
reported on July 27, 2012.
On April 28, 2014 the Ontario Superior Court of Justice
certified the action as a class proceeding under the Ontario Class
Proceedings Act. The court dismissed all claims against Graham
Thody, C. Thomas Ogryzlo, Wolf Seidler, François Marland, Giles
Baynham, Gerald Prosalendis and Kendra Low. As against Baja and the
remaining individual defendants, the court granted leave to the
plaintiff to proceed only with respect to statutory claims under s.
138.3 of the Ontario Securities Act and dismissed all other claims.
The plaintiff Joseph Sue-Tang has been replaced by John Matthew
Donohue.
The Company intends to continue to vigorously defend the
lawsuit. No assurances can be given with respect to the outcome of
any proceedings.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This
press release contains forward-looking statements or
forward-looking information (forward-looking statements). These
statements can be identified by expressions of belief, expectation
or intention, as well as those statements that are not historical
fact. Forward-looking statements involve a number of risks,
uncertainties and assumptions that could cause actual results or
events to differ materially from those expressed or implied by the
forward-looking statements. Forward-looking statements contained in
this press release are based on our current estimates, expectations
and projections, which the Company believes are reasonable as of
the current date. Actual results could differ materially from those
anticipated or implied in the forward-looking statements and as a
result undue reliance should not be placed on them. Additional
risks and uncertainties can be found in the Company's reporting
documents filed on SEDAR (www.sedar.com), including its Management
Discussion and Analysis and Annual Information Form.
Forward-looking statements are given only as at the date of this
news release and the Company disclaims any obligation to update or
revise the forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
law.
Baja Mining Corp.Tom OgryzloInterim
CEO604-685-2323info@bajamining.com
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