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Guyana Goldfields founder among dissidents threatening court action ahead of board vote

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Group prepared to go to court to recoup damages if company doesn’t start legal action against CEO

TORONTO — A group of dissident investors says they’re prepared to begin a court proceeding to recoup damages if Guyana Goldfields Inc. doesn’t initiate legal action against chief executive Scott Caldwell by Wednesday.

The group is led by Guyana Goldfields founder Patrick Sheridan, who was ousted as the Toronto-based company’s executive chairman last year. Caldwell has been Guyana Goldfields’ president and chief executive since May 2013, mostly while Sheridan was executive chairman.

 

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