In Chapter 7 BK

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Message: If you are wondering what happen this past year at FG...

What happen this past year at FG?

So there was a PACER docket that gives some insight in what was happening with FG this past year. If I read the law docs correctly….after Carnac did not purchase the RC mine, Terry Lynch (TL) created a new company, Relief Gold (RG) and tried to rustle up investors to purchase the RC mine under the RG company. They spoke to Platinum and Victoria gold and had some agreements. During the time TL was recruiting investors, he spoke to SAGE (who owns GAC, the current owner of the RC mine). TL states that SAGE signed a nondisclosure statement (that the information will only be used for this investment consideration). TL met with them and gave all the info he had, referred to as “trade secrets” in the docket, of the mine and the agreements made. Sometime after that meeting Sage/GAC just went ahead and bought the mine themselves.

TL has filed a lawsuit in NY state (the meeting was held there) on Feb 7. SAGE is sort of retaliating by filing a “contempt” in the state of Nevada.

-Y

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