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by Mike Caswell
Core Gold Inc. is a defendant in a lawsuit filed in the Supreme Court of British Columbia by two creditors seeking $791,413. (All figures are in U.S. dollars.) According to the suit, the company owes money for a 2016 loan and for consulting fees. The creditors say that Core Gold has acknowledged the debts, but has not paid them.
The allegations are contained in a brief notice of claim filed at the Vancouver courthouse on March14, 2018. According to the suit, Core Gold executed a promissory note on Sept. 9, 2016, in which it agreed to pay $476,413 upon demand. The note is presently held by a numbered company, 0768274 B.C. Ltd., which is seeking payment of that amount. It says that Core Gold acknowledged on Aug. 27, 2017, that it owed the money, but has done nothing to pay it.
The other creditor is Minera Australiana Mineaustralia SA, an Ecuadorian company. According to the suit, Core Gold hired Minera Australiana as a consultant in 2003. The agreement continued until Sept. 30, 2016. At the end of that agreement, there was $315,000 in fees still outstanding, the suit states.
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