The three judges of the Quebec Appeal Court have unanimously rejected the appeal of Strateco Resources Inc. in a decision rendered on January 13, 2020. Strateco appealed on the reject of its $182,684,575 claim to the Quebec Government for loss of its investment in the Matoush uranium project and an additional $10 million in punitive damages. Strateco's lawyers are currently reviewing the judgement and assessing the [...]
Justice Danielle Turcotte of the Superior Court of Quebec, Commercial Division, has renewed the stay of proceedings provided for in the initial order issued in respect of Strateco Resources Inc. under the Companies' Creditors Arrangement Act until April 30, 2019. It is expected that this stay extension will allow for a hearing on Strateco's appeal of the decision rendered on June 21, 2017 by the Honourable Denis Jacques [...]
BOUCHERVILLE, QUEBEC--(Marketwired - Jun 27, 2017) - Strateco Resources Inc. ("Strateco") announced today that it will appeal the decision rendered on June 21, 2017, by the Honourable Denis Jacques, J.C.S., in connection with Strateco's lawsuit against the Attorney General of Quebec on behalf of the Government of Quebec and the Minister of the Environment. In his decision, the judge dismissed Strateco's claim of [...]
BOUCHERVILLE, QUEBEC--(Marketwired - Jun 21, 2017) - The Honourable Denis Jacques, J.C.S., rendered his decision today in connection with the lawsuit of Strateco Resources Inc. ("Strateco") against the Attorney General of Quebec on behalf of the Government of Quebec and the Minister of the Environment. He has rejected Strateco's claim of $182,684,575 for the loss of its investment in the Matoush uranium project and an [...]
BOUCHERVILLE, QUEBEC--(Marketwired - Feb 28, 2017) - The trial held in connection with the lawsuit of Strateco Resources Inc. ("Strateco") against the Attorney General of Quebec, on behalf of the Government of Quebec and the Minister of the Environment, has concluded. The trial was held from January 9 to February 24, 2017, and was presided over by the Honourable Denis Jacques, J.C.S. Strateco's President and Chief [...]
BOUCHERVILLE, QUEBEC--(Marketwired - Feb 24, 2016) - Strateco Resources Inc. ("Strateco") announced today that it amended its motion to institute proceedings with the Superior Court of Quebec on February 23, 2016 in order to claim $10 million in punitive damages from the Attorney General of Quebec. This amount is in addition to the $189,987,663 Strateco claimed from the Quebec government on December 11, 2014 for the loss [...]
BOUCHERVILLE, QUEBEC--(Marketwired - Nov 3, 2015) - Strateco Resources Inc. ("Strateco") is pleased to announce that a $4 million interim financing from Third Eye Capital Corporation ("Third Eye") received the approval of the Superior Court of Quebec, Commercial Division, under the Companies' Creditors Arrangement Act ("CCAA") on October 23, 2015, and closed on October 29, 2015. The financing will enable Strateco to [...]
BOUCHERVILLE, QUEBEC--(Marketwired - Oct 8, 2015) - The Superior Court of Quebec, Commercial Division, has renewed the initial order issued for Strateco Resources Inc. ("Strateco") under the Companies' Creditors Arrangement Act ("CCAA") until October 21, 2015, to enable Strateco to close on interim financing of $4,000,000 to cover, among other things, the costs associated with its $190 million litigation against the [...]
BOUCHERVILLE, QUEBEC--(Marketwired - Sep 8, 2015) - The Superior Court of Quebec (Commercial Division) has extended the initial order issued under the Companies' Creditors Arrangement Act ("CCAA") in relation to Strateco Resources Inc. ("Strateco") until October 1, 2015. The Honourable Justice Danielle Turcotte, appointed to oversee the CCAA proceedings instituted by Strateco, approved on September 3, 2015 an extension of [...]
BOUCHERVILLE, QUEBEC--(Marketwired - Jul 13, 2015) - Strateco Resources Inc. ("Strateco") (NEX:RSC.H) announced its inscription on the NEX trading platform. The common shares of Strateco will be listed and trading in the securities of the Company will remain suspended on NEX, on the effective dates stated below. Listing Date: At the close of business (5:01 p.m. EDT) on Friday, July 10, 2015. Commence Date: Trading in the [...]
BOUCHERVILLE, QUEBEC--(Marketwired - Jul 9, 2015) - The process for the motion to institute proceedings filed by Strateco Resources Inc. ("Strateco") with the Superior Court of Quebec whereby Strateco is claiming some $190 million from the Quebec government is unfolding as per the agreed-to schedule; the Court has agreed to special case management and the Attorney General of Quebec has submitted its defense. The Superior [...]
TORONTO, June 9, 2015 /CNW/ - SUSPENSION Strateco Resources Inc. (the "Company") – Effective immediately, the common shares of the Company (Symbol: RSC) are suspended from trading and will remain suspended from trading until the close of business on Friday June 12, 2015 at which time they will be delisted, as previously stated in TSX Bulletin 2015-0528 dated May 22, 2015. About TMX Group (TSX:X) TMX Group's key [...]