RE: Historic Use of the Mining Names Bonanza and Morocota29 Oct 2025 16:07
St. Elias sues dissidents, forum posters for defamation.
St. Elias Mines Ltd. and its president, Lori McClenahan, have launched a defamation suit in the Supreme Court of British Columbia against a number of anonymous forum posters as well as dissident leaders Gilby and Darcy Hastman. The suit complains about posts on Stockhouse and elsewhere that called Ms. McClenahan the "wicked witch of the west" and accused management of fraudulently hiding gold. St. Elias is seeking injunctions barring future messages as well as damages for defamation.
The suit comes amidst an effort by a group of Alberta dissidents to replace Ms. McClenahan and the company's existing board. The dissidents complain that management has taken significant stock-based compensation as the stock has fallen to 11 cents from $2. (The dissidents lost the vote at the company's Dec. 27, 2012, annual general meeting, but they have since filed a court case seeking to overturn the AGM results. They claim that the company unfairly disallowed their proxies, denying them a substantial victory. St. Elias has not yet responded to that case.)
The defamation suit, filed at the Vancouver courthouse on Friday, Feb. 15, complains about a number of messages on Stockhouse, Agoracom and other sites. According to the suit, the messages accused the company of misleading investors about drilling results from its Tesoro property in Peru. Some posts said the company was intentionally drilling away from the mineralized areas, while others stated.
https://stockhouse.com/companies/bullboard?symbol=byvvf&postid=21018302
Like i said chatboards/ shareholders seemed to think the St Elias board were being hooky. I am only posting what has been posted previously and by no way do i know if this is true or not and am not in anyway defamatory to Ms McClenehan or any ex directors of said company.