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EQUITY ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Asanko Gold Inc. and Reminds Investors with Losses to Contact the Firm
Friday, June 30, 2017 11:58 PM
LOS ANGELES, CA / ACCESSWIRE / June 30, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Asanko Gold Inc. (''Asanko'' or the ''Company'') (NYSE MKT: AKG) for possible violations of federal securities laws from October 24, 2014 through May 31, 2017 inclusive (the ''Class Period''). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the July 31, 2017 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at [email protected].
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the Complaint, throughout the Class Period, Asanko made false and/or misleading statements, and/or failed to disclose that: Asanko's Mineral Resource Estimates are flawed; that some of the Company's resources models show signs that they have been ''smeared,'' which would cause estimates of their ore contents to be inflated; and that as a result of the above, Asanko's public statements were materially false and misleading at all relevant times. On May 31, 2017, research firm Muddy Waters published a report asserting, among other things, that: Asanko made investments based on flawed geology in Nkran, its satellite pits, and Esaase that Muddy Waters believes ''will never be recovered;'' and that there are indicia that some of the Company's resources models have been ''smeared,'' which would cause estimates of their ore contents to be inflated. When this information reached the public, Asanko shares dropped in value materially, which caused investors harm according to the Complaint.
Lundin Law PC was founded by Brian Lundin, Esq., a securities litigator located in Los Angeles dedicated to upholding the rights of shareholders.
This press release may be considered Attorney Advertising in certain jurisdictions under the applicable law and ethics rules.
Lundin Law PC
Brian Lundin, Esq.
SOURCE: Lundin Law PC