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MarketScreener Homepage  >  Equities  >  OTC Bulletin Board - Other OTC  >  Bakken Resources Inc    BKKN

BAKKEN RESOURCES INC

(BKKN)
Delayed Quote. Delayed OTC Bulletin Board - Other OTC - 08/22 09:57:55 am
0.04 USD   +13.64%
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BAKKEN RESOURCES INC : Other Events (form 8-K)

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08/14/2019 | 02:42pm EDT

Item 8.01 Other Events

On July 28, 2019, Bakken Resources, Inc. (the "Company") agreed to stipulate that the shareholder derivative lawsuit captioned Graiwer v. Holms et al., CV14-00544 filed in the Second Judicial District Court of Nevada in the county of Washoe be dismissed with prejudice. Such stipulation will resolve the derivative action that was filed in March 2014 by Manuel Graiwer and T.J. Jesky.

Under the proposed terms of the stipulation, the case will be dismissed with prejudice, and with all parties bearing their own costs and fees. No other conditions are being proposed.

A hearing to approve the stipulation is scheduled for August 21, 2019 at 2 p.m. in the Second Judicial District Court, Washoe County, at 75 Court Street, Reno, Nevada 89501. Current company shareholders who have no objection to the proposed dismissal need not take further action. Any current company shareholders who wish to be heard concerning the dismissal may, but is not required to, enter an appearance in this suit, and be represented by counsel and present evidence or argument.

The NOTICE OF DISMISSAL OF SHAREHOLDER DERIVATIVE ACTION AS TO DEFENDANT VAL HOLMS, AND HEARING PURSUANT TO FPCP 23.1 includes instructions for the submission of objection and evidence of such. This document can be found on the company website, www.bakkenresourcesinc.com.

© Edgar Online, source Glimpses

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Managers
NameTitle
Dan Anderson Chief Financial Officer, Director & IR Contact
Karen S. Midtlyng Secretary & Director
Herman R. Landeis Independent Director
William M. Baber Independent Director
Solange Charas Independent Director
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