Wildcat Exploration Ltd. (Wildcat) (TSX VENTURE:WEL) reported that the company has resolved the action and all counterclaims in the Prizant v. Wildcat Exploration Ltd. et al matter in which a former executive of Wildcat had made claims for defamation and wrongful dismissal in the approximate amount of $13 million.
The press release is quoted as saying:
Wildcat Exploration Ltd. is a Winnipeg-based company exploring for gold and base metals in Canada. Its portfolio includes: (1) several precious metal properties in the Rice Lake greenstone belt in Manitoba, (2) the Reed Lake base metal and PGE property in the Flin Flon greenstone belt in Manitoba and (3) the Foster River zinc-lead-silver project in Saskatchewan. As the Company builds its property portfolio, Wildcat welcomes proposals from owners of advanced Canadian exploration properties.