Summary

Please provide the information requested at our Communication page. Even if you previously completed a form at this site, please click here to complete the revised questionnaire.

1.    The law firm of Sutts, Strosberg LLP is counsel in a class action against Aurcana Corporation (“Aurcana”), Lenic Rodriguez and Sadek El-Alfy. The claim is on behalf of all persons, other than certain persons associated with the defendants, who acquired Aurcana shares and/or warrants in the period July 11, 2012 to and including December 19, 2013 (the "Class Period").

2.    The plaintiff alleges that throughout the Class Period, the defendants misrepresented the resource levels and production capacity of Aurcana’s Shafter Mine.

3.    On April 12, 2013, Aurcana disclosed that the Shafter Mine had not yet reached its initial target of 600 tons per day on a continuous basis.  After the disclosure, Aurcana’s share price declined by more than 20 percent.

4.    On May 17, 2013, Aurcana clarified and retracted certain technical disclosures for the Shafter Mine, after which Aurcana’s share price declined by about 26 per cent.

5.    On December 19, 2013, Aurcana announced that the Shafter Mine was being placed on care and maintenance.

6.    After this disclosure, Aurcana’s share price declined by more than 52 per cent.

7.    The plaintiffs seek damages for negligent misrepresentation and liability for secondary market misrepresentation pursuant to the provisions of Ontario's Securities Act. 

8.    If you acquired Aurcana shares and/or warrants during the Class Period, please enter the information requested on the communication page.

9.   If you have any questions, please call Sutts, Strosberg LLP at 1.800.229.5323, extension 8296.

10. If you would like to know more about how a class action works, click here.

IMPORTANT NOTE

This website provides general information to potential class members on a class action that has been commenced against Aurcana Corporation and others. The court will ultimately decide who will be included as a class member.

The information collected about potential class members will assist counsel in prosecuting the class action and assessing what damages were suffered by the class as a whole. Providing the information requested does not make you a client of Sutts, Strosberg LLP.

The site is not designed to answer questions about your individual situation or entitlement. Do not rely upon the information provided on this website as legal advice in respect of your individual situation nor use it as a substitute for individual legal advice.

This website is updated from time to time to provide potential class members with further information.