Investigation Overview
August 11, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Pacific Booker Minerals Inc (NYSEMKT:PBM) shares over potential securities laws violations by Pacific Booker Minerals and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Pacific Booker Minerals Inc (NYSEMKT:PBM) concerning whether a series of statements by Pacific Booker Minerals regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On July 7, 2015, post-market, Canadian environmental regulators ordered that Pacific Booker Minerals proposed Morrison copper-gold mine in British Columbia must undergo further assessment, citing 'insufficient baseline information about and understanding of the Morrison Lake ecosystem' and 'issues of risk and uncertainty associated with fundamental aspects of the mine's design.
Shares of Pacific Booker Minerals Inc (NYSEMKT:PBM) declined from $4.39 per share on July 6, 2015 to as low as $1.04 per share on July 16, 2015.