Katanga Mining Limited

Supreme Court of YukonCommencement Date: January 21, 2021

Summary

This is a representative proceeding on behalf of former minority shareholders of Katanga Mining Limited (TSX: KAT, OTCPK: KATFF). The action has been brought against Katanga, its successor by merger Glencore plc, and certain of its former directors and officers.

Pursuant to a series of transactions carried out between November 2019 and June 2020, Katanga was taken private summarily by its then-majority shareholder, Glencore, effective June 2020. Following Katanga’s takeover by Glencore, Katanga’s common shares were delisted from the Toronto Stock Exchange.

The action alleges that the defendants engaged in oppressive conduct in violation of their statutory obligations, as they deprived Katanga’s minority shareholders of the opportunity to vote on the transaction and improperly circumvented the requisite Court approval process.

The action claims damages and compensation on behalf of Katanga’s minority shareholders.

Class Membership Criteria

This representative proceeding has been brought on behalf former minority shareholders of Katanga, as follows:

  • All persons and entities who were shareholders of record of Katanga Mining Limited as of the close of trading on November 6, 2019, except certain excluded persons.

Subscribe For Updates

To receive updates in relation to this proceeding, complete and submit the form below. By completing and submitting this form, you will not incur any costs in relation to this class proceeding. We use investors’ contact information to communicate updates in relation to the proceeding when updates become available. Refer to our Privacy Policy to learn more about our collection and use of information.

How to Reach Us

If you have a pressing legal issue, our lawyers can help:

Suite 401, Yonge Eglinton Centre2300 Yonge StreetToronto, OntarioCanada M4P 1E4