Allied Nevada Gold (n/k/a, Hycroft Mining Corporation)(Formerly TSX: ANV, NYSE MKT: ANV)
Ontario Superior Court of Justice, Court File No.: CV-14-50851300-00CP
Andrew Morganti and Albert Pelletier have become members of Kim Spencer McPhee Barristers, P.C., and the authoritative page for this securities litigation can now be found at our new website.
NOTICE OF THE PROPOSED SETTLEMENT OF THE HYCROFT GOLD CORPORATION SECURITIES CLASS ACTION
READ THIS NOTICE CAREFULLY AS IT MAY AFFECT YOUR RIGHTS.
To all persons, excluding certain persons associated with the Defendants, who acquired common shares of Allied Nevada Gold Corp. n/k/a Hycroft Mining Corporation (“Hycroft”) pursuant to the secondary public offering by way of a final short form prospectus dated May 9, 2013, during its distribution period ending May 17, 2013, and continued to hold those common shares on July 22, 2013 (“Class Members” and the “Class”).
PURPOSE OF THIS NOTICE:
A class action brought on behalf of Class Members has been settled subject to approval from the Court (the “Settlement”). This Notice provides Class Members with information about the certification and Settlement and their rights to participate in the Court proceedings considering whether to approve the Settlement (including each putative Class Member’s right to object to the Settlement, to opt-out of the Settlement, and to attend the hearing to approve the Settlement (the “Approval Hearing”)).
THE CLASS ACTION LAWSUIT:
On August 14, 2014, a proposed class action was commenced on behalf of investors who purchased shares pursuant to a secondary public offering in the Ontario Superior Court: LBP Holdings Ltd. v. Allied Nevada Gold Corp., Scott A. Caldwell, Robert M. Buchan, Cormark Securities Inc., and Dundee Securities Limited, brought in the Court under Court File No. CV-14-50851300-CP (the ” Action”). The Plaintiff in the Action alleges that the Defendant made misrepresentations related to a short-form prospectus dated May 9, 2013. The terms of the proposed settlement are set out below.