OZ Minerals vows to defend class action

IMF said in a statement today that proceedings in the Federal Court of Australia had been issued on behalf of IMF clients who purchased OZ Minerals shares between August 21, 2008 and November 30, 2008.

During this period, the then-cash strapped OZ Minerals made wow items announcements about deferring several projects, reducing the size of its board and cutting costs while it strove to refinance more than $1 billion in debt facilities.

IMF said in March this year that it buy wow weapons had received many calls from OZ Minerals shareholders seeking to recoup losses related to alleged breaches by the miner of the Corporations Act's continuous disclosure rules.

The litigation funder at the time said there were about $500,000 in claims against OZ Minerals.

IMF says on its website wow gold that it provides its services where the claim size is more than $2 million.

It first revealed its intention to buy wow weapons fund the OZ Minerals claims in December last year, when allegations also included misleading and deceptive conduct.

At the time, IMF said wow gold OZ Minerals' disclosure between February 29, 2008 and December 3, 2008 was under the spotlight.

OZ Minerals was formed on July 1, 2008 through the merger of Oxiana Ltd and Zinifex Ltd.

The company in June this year completed the sale of wow gold most of its assets to state-owned China Minmetals Corp, leaving it with a healthy cash balance and the Prominent Hill gold and copper mine in South Australia as its sole operating asset.

The Federal Fovernment in March blocked the inclusion of this mine in the $US1.354 billion ($A1.51 billion) Minmetals deal on national security grounds because the operation is situated within the Woomera Protected Area weapons testing range.
More articles come from the:gold kopen eu