TORONTO–(BUSINESS WIRE)–Morganti Legal, P.C., announces that investors have filed a shareholder lawsuit against Allied Nevada Gold Corporation (TSX: “AVN”) for publishing press release containing alleged Misrepresentations and failing to disclose Material Facts about its business operations concerning its Lewis Leach Pad between January 18, 2013 and August 5, 2013.
The investors’ mining expert has been examining Allied Nevada Gold’s disclosures since the Company published its updated 43-101 pre-feasibility mine production report for the Hycroft gold mine. The lawsuit alleges that the Defendants breached s. 75, and if leave is granted, s. 138.3(1) and s. 138.3(4) of the Ontario Securities Act.
Investors who purchased Allied Nevada Gold’s securities between January 18, 2013 and August 5, 2013, are encouraged to stay informed. You may contact us toll-free at (888) 226-0845 or by email at [email protected] for further information, a copy of the lawsuit and the expert report supporting the allegations that Allied Nevada Gold’s press releases and prospectus contained discrepancies or misleading statements of Material Fact when compared to its subsequent disclosures filed on SEDAR.
Morganti Legal, P.C. is a law firm that investigates, litigates and resolves economic and financial disputes.