Colt Resources Inc. (TSXV: GTP, FRA: P01, OTC: COLTF)
Ontario Superior Court of Justice, Court File No.: CV-17-578980-00CP
On April 6th, 2021, A settlement in this class action was approved by the court. A copy of the Reasons for Decision and Order approving the settlement may be reviewed here.
The Defendants have agreed to pay or cause to be paid CAD 950,000 to settle the class action. The settlement is a compromise of disputed claims and is not an admission of liability or wrongdoing by the Defendants. The Settlement Amount, less Class Counsel’s fees and disbursements, administration expenses and taxes, will be distributed to the Class on a pro rata share in accordance with the Court-approved Plan of Allocation. The Plan of Allocation may be reviewed here.
To be eligible to receive part of the Settlement funds, Class Members must complete a Claim Form by July 7th, 2021.
For more information, please review the Long-Form Notice of Settlement Approval below.
Please contact Class Counsel at [email protected] or call 647-344-1900 if you have any questions.