Vancouver junior mining company Spanish Mountain Gold Ltd. (TSX-V:SPA) is suing former CEO and CFO Larry Yau for damages related to Yau allegedly paying himself $439,750 in unapproved housing benefits when he was on the job.
Spanish Mountain fired Yau without cause in March 2023, when the company was oblivious to Yau’s alleged funnelling of corporate money to himself without approval, it noted in a July 10 notice of civil claim filed at BC Supreme Court.
“Had Spanish Mountain been aware of Yau’s misconduct described above at the time of his termination, Spanish Mountain would have terminated Yau for cause,” the company said in its lawsuit.
Spanish Mountain paid
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