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Eastern Platinum (Eastplats) has announced that it has received the written reasons for judgment of Justice Smith of the Supreme Court of British Columbia dismissing, with costs, the petition filed by 2538520 Ontario Limited, a shareholder of the company, seeking leave to commence a derivative action on behalf of the company against certain of its current and former directors in relation to the transactions between the company and Union Goal Offshore Solutions.

The petitioner has a limited period within which it may appeal the court’s decision.

“The company is pleased with the court’s ruling and looks forward to furthering its retreatment operations and other opportunities in South Africa” comments Eastplats CEO, Diana Hu.

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