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Tuesday, September 06, 2016 6:50:25 PM
2016-08-31 10:37 ET - Street Wire
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by Mike Caswell
Credit Suisse AG has filed a case in the Supreme Court of British Columbia seeking information from former Great Basin Gold Ltd. director Walter Segsworth over what it sees as a massive mine overvaluation. Credit Suisse claims that it suffered substantial losses when Great Basin's Hollister mine in Nevada proved to be worth far less than the $236-million it was valued at. (All figures are in U.S. dollars.) Mr. Segsworth, as a director, was party to many decisions surrounding the mine, Credit Suisse says.
The allegations are contained in a petition that Credit Suisse filed at the Vancouver courthouse on Aug. 25, 2016. The petition seeks a recorded deposition of Mr. Segsworth in connection with his work on the Hollister mine. The deposition is to be used as part of a fraud lawsuit in Nevada (in which Mr. Segsworth is not a defendant).
http://www.stockwatch.com/News/Item.aspx?bid=U-s0143824-U%3aGBGLF-20160831&symbol=GBGLF®ion=U
"...Those defendants are:
Ferdinand Dippenaar, Ronald Thiessen, Dana Roets, Philip Bentley, Willem Beckmann, Lorens van Vuuren, Johannes Oelofse etc...?
Will Walter Segsworth need to testify against his former colleagues?
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