Pacific Rim faces a new Plucinski-related suit
Pacific Rim Mining Corp PFG
Shares issued 21,595,370 Sep 30 close $1.50
Thu 30 Sept 99 Street Wire
by Brent Mudry
Pacific Rim Mining and co-founder Gerald Phillips face a suit from Zbigniew
Fabiszewski of North Vancouver, in the latest round of litigation
surrounding Vancouver financier Marian Plucinksi's 1997 claim for 275,000
shares. In a self-filed endorsed writ of summons filed Wednesday in the
Supreme Court of British Columbia, Mr. Fabiszewski seeks unspecified
general and punitive damages. Mr. Fabiszewski claims that in an Aug. 8,
1996, oral agreement, he agreed to forgive all the indebtedness of Mr.
Plucinski in consideration for the financier transferring to him 150,000
free-trading shares of Pacific Rim.
The suit claims that in March of 1997, the defendants "wrongfully obtained"
an injunction restricting Mr. Fabiszewski's ability to sell the shares when
their market value was high. He claims he has suffered damages as a result.
In a suit in April of 1997, Canaccord Capital claimed Mr. Plucinski duped
it out of 150,000 Pacific Rim shares by transferring and splitting
certificates through Mr. Fabiszewski. A full statement of claim has not yet
been filed in the latest suit, and no statements of defence have been
filed. (Readers wishing details of previous related suits can refer to
Streetwires of April 14, 1997, Nov. 6, 1998, and March 19, and related
press releases.)
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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