Mega gets court injunction, stock up 13%

Stockhouse Editorial
0 Comments| July 4, 2013

Mega Precious Metals Inc. (TSX: V.MGP, Stock Forum) and Rolling Rock Resources Corp. have been granted a temporary injunction by the Court of Queen’s Bench, Manitoba, to continue work on the Monument Bay project, Mega said Thursday.

In a press release, Mega said it sought the injunction in response to a stop work order and a notice of eviction letter delivered to Mega on July 2, 2013 by Chief Leslie Harper of the Red Sucker Lake First Nation.

Mega Precious Metals said it is surprised and disheartened by the action taken by the Red Sucker Lake First Nation.

On Thursday, the junior’s stock price rose 13% to 13 cents, leaving a market cap of $15 million, based on 115.9 million shares outstanding. The 52-week range is 48.5 cents and 9.5 cents.

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