LOS ANGELES, June 20, 2017 (GLOBE NEWSWIRE) -- Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Asanko Gold Inc. (“Asanko” or the “Company”) (NYSE:AKG) for possible violations of federal securities laws between October 24, 2014 and 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 e-mail him at brian@lundinlawpc.com.
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 exhibit 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. Upon the release of this news, Asanko shares decreased in value, which caused investors harm according to the Complaint.
Lundin Law PC was founded by Brian Lundin, Esquire, a securities litigator based in Los Angeles dedicated to upholding the rights of shareholders.
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