AUSTRALIA

Bounty brawl back in court

A COUNTER-CLAIM by former Bounty Oil & Gas managing director Tom Fontaine to stop the company hol...

Fontaine applied for the injunction following last Wednesday’s court ruling preventing him from hosting an extraordinary general meeting with shareholders.

But the same judge to rule in Bounty’s favour, Justice Siopis, will also preside over Fontaine’s counter-suit.

Bounty managing director Laurence Roe said the company believed last Wednesday’s ruling was “an appropriate result.”

On the same day, Bounty announced the resignation of non-executive director, Didier Murcia, who was one of the directors Fontaine had been seeking to replace.

But Roe said Murcia’s resignation and the ensuing court case with Fontaine were unrelated.

“As far as I’m aware, it had nothing to do with the court case,” Roe said.

“Mr Murcia has indicated for a long time that he intends to resign, but he extended his leaving date two weeks until the AGM.”

Fontaine was unavailable for comment.

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