James Bay Resources Limited Announces Court of Appeal Decision from Judgement Received in Claims Against Mak Mera and Wale Sola
James Bay Resources Limited (CSE: JBR) announced an unfavorable Court of Appeal decision regarding its legal claims against Mak Mera Nigeria Limited and Wale Sola. The appeal reversed a previous ruling where James Bay was awarded $405,000 in repayment and $200,000 in defamation damages.
The Court significantly reduced the defamation damages to just $1,000 and reversed the previous $309,401.91 costs award. Additionally, James Bay must now pay $400,000 in trial costs and $50,000 in appeal costs. The company retains the right to seek leave to appeal to the Supreme Court of Canada.
James Bay Resources Limited (CSE: JBR) ha annunciato una decisione sfavorevole della Corte d'Appello riguardo alle sue azioni legali contro Mak Mera Nigeria Limited e Wale Sola. L'appello ha ribaltato una sentenza precedente che aveva assegnato a James Bay 405.000 $ per il rimborso e 200.000 $ per danni da diffamazione.
La Corte ha ridotto significativamente i danni da diffamazione a soli 1.000 $ e ha annullato il precedente riconoscimento di costi pari a 309.401,91 $. Inoltre, James Bay dovr脿 ora pagare 400.000 $ per i costi del processo e 50.000 $ per i costi dell'appello. La societ脿 mantiene il diritto di chiedere il permesso di ricorrere alla Corte Suprema del Canada.
James Bay Resources Limited (CSE: JBR) anunci贸 una decisi贸n desfavorable del Tribunal de Apelaci贸n respecto a sus reclamaciones legales contra Mak Mera Nigeria Limited y Wale Sola. La apelaci贸n revoc贸 un fallo previo en el que James Bay hab铆a sido indemnizada con $405,000 por reembolso y $200,000 por da帽os por difamaci贸n.
El Tribunal redujo significativamente los da帽os por difamaci贸n a solo $1,000 y revoc贸 la adjudicaci贸n previa de costos por $309,401.91. Adem谩s, James Bay debe ahora pagar $400,000 en costos del juicio y $50,000 en costos de apelaci贸n. La compa帽铆a conserva el derecho a solicitar permiso para apelar ante la Corte Suprema de Canad谩.
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氩曥洂鞚� 氇呾槇頉检啇 靻愴暣氚办儊鞚� 韥矊 欷勳棳 1,000雼煬搿� 瓴办爼頄堦碃, 鞚挫爠鞐� 鞚胳爼霅� 309,401.91雼煬鞚� 牍勳毄 觳惮霃� 霋れ鞐堨姷雼堧嫟. 霕愴暅 James Bay電� 鞚挫牅 鞛寪 牍勳毄鞙茧 400,000雼煬, 頃唽 牍勳毄鞙茧 50,000雼煬毳� 歆�攵堩暣鞎� 頃╇媹雼�. 須岇偓電� 旌愲倶雼� 雽�氩曥洂鞐� 靸侁碃 項堦皜毳� 鞖旍箔頃� 甓岆Μ毳� 鞙犾頃橁碃 鞛堨姷雼堧嫟.
James Bay Resources Limited (CSE : JBR) a annonc茅 une d茅cision d茅favorable de la Cour d'appel concernant ses actions en justice contre Mak Mera Nigeria Limited et Wale Sola. L'appel a annul茅 un jugement pr茅c茅dent qui avait accord茅 脿 James Bay 405 000 $ en remboursement et 200 000 $ en dommages-int茅r锚ts pour diffamation.
La Cour a consid茅rablement r茅duit les dommages-int茅r锚ts pour diffamation 脿 seulement 1 000 $ et annul茅 la pr茅c茅dente attribution de frais de 309 401,91 $. De plus, James Bay doit d茅sormais payer 400 000 $ pour les frais de proc猫s et 50 000 $ pour les frais d'appel. La soci茅t茅 conserve le droit de demander l'autorisation d'interjeter appel aupr猫s de la Cour supr锚me du Canada.
James Bay Resources Limited (CSE: JBR) gab eine ung眉nstige Entscheidung des Berufungsgerichts zu seinen Rechtsanspr眉chen gegen Mak Mera Nigeria Limited und Wale Sola bekannt. Die Berufung hob ein fr眉heres Urteil auf, bei dem James Bay 405.000 $ R眉ckzahlung und 200.000 $ Schadensersatz wegen Verleumdung zugesprochen wurden.
Das Gericht reduzierte den Verleumdungsschaden erheblich auf nur 1.000 $ und hob die vorherige Kostenentscheidung von 309.401,91 $ auf. Zudem muss James Bay nun 400.000 $ Prozesskosten und 50.000 $ Berufungskosten zahlen. Das Unternehmen beh盲lt sich das Recht vor, die Zulassung zur Berufung beim Obersten Gerichtshof Kanadas zu beantragen.
- Right to seek leave to appeal to the Supreme Court of Canada remains available
- Loss of $405,000 repayment award from previous ruling
- Defamation damages reduced from $200,000 to $1,000
- Company must pay $450,000 in total legal costs
- Previous $309,401.91 costs award in company's favor was reversed
Toronto, Ontario--(Newsfile Corp. - July 31, 2025) - James Bay Resources Limited (CSE: JBR) ("James Bay" or the "Company")announced today the Ontario Court of Appeal decision (the "Appeal Decision") in the appeal (the "Appeal") by Mak Mera Nigeria Limited ("Mak Mera") and Wale Sola from the decision of Justice Papageorgiou (the "Decision") of the Ontario Superior Court of Justice, in the claim made by James Bay against Mak Mera and Wale Sola. The Appeal Decision reversed the Decision, where James Bay was awarded
In addition, the costs award of
James Bay has the right to seek leave to appeal of the Appeal Decision to the Supreme Court of Canada.
About James Bay Resources Limited
James Bay is a Canadian resource company with 81,076,241 shares outstanding and trades on the Canadian Securities Exchange under the symbol "JBR". Please visit the James Bay website at .
Disclaimer
This news release includes certain statements that may be deemed "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the Corporation's operations, exploration and development plans, expansion plans, estimates, expectations, forecasts, objectives, predictions and projections of the future. Generally, these forward-looking statements can be identified by the forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "projects", "intends", "anticipates", or "does not anticipate", or "believes", or "variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might", or "will" be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of James Bay Resources Limited to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the Company's proposed Offering and the change of business and the oil and gas industry in Nigeria generally, risks related to operations, construction delays and cost overruns, the actual results of exploration, development and construction activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future copper prices, as well as those factors discussed in the sections relating to risk factors of our business filed in James Bay Resources Limited's required securities filings on SEDAR. Although James Bay Resources Limited has attempted to identify important factors that could cause results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended.
There can be no assurance that any forward-looking statements will prove accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. James Bay Resources Limited does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
For further information please contact:
Stephen Shefsky
President and CEO
Tel: 416-366-4200
[email protected]
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FAQ
What was the outcome of James Bay Resources' Court of Appeal decision against Mak Mera?
How much will James Bay Resources have to pay in legal costs following the appeal?
What legal options remain for James Bay Resources after the Appeal Decision?
What was the original court ruling for James Bay Resources vs Mak Mera that got reversed?
