4 unchanged sentences
We believe that none of the litigation in which we are currently involved, or have been involved in since the beginning of our most recently completed fiscal year, individually or in the aggregate, is material to our financial condition, cash flows or results of operations.
−Removed: Two of our subsidiaries are involved in legal proceedings described below.
−Removed: Our subsidiary Kaizen was involved in litigation in British Columbia, Canada which commenced in 2017.
−Removed: The proceedings related to a claim by AM Gold Inc.
−Removed: (“AMG”) against Kaizen in respect of its acquisition of the Pinaya Project.
−Removed: On September 2, 2022, the Supreme Court of Canada dismissed the application of AM Gold (“AMG”) seeking leave to appeal the January 21, 2022 decision of the British Columbia Court of Appeal, which upheld the March 23, 2021 decision of the trial judge dismissing all of AMG’s claims.
−Removed: The British Columbia Court of Appeal concluded that no errors were made in the trial judge’s reasoning.
−Removed: The Supreme Court of Canada’s dismissal means that the decision of the British Columbia Court of Appeal is final and conclusive.
−Removed: There is no further avenue of appeal or review available to AMG as a result of the Supreme Court of Canada’s dismissal of the claims.
−Removed: Kaizen was entitled to payment from AMG on account of the costs of the litigation and has now reached a settlement agreement regarding that entitlement with AMG and recovered costs of Cdn$500,000 in March 2023.
Our subsidiary Cordoba is currently involved in two legal proceedings.
19 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.