LONDON, ON, April 6, 2020 /CNW/ - A securities class action regarding Aspen Group Resources' ("Aspen") take-over of Endeavour Resources Inc. ("Endeavour") has concluded with settlements totaling a gross amount of $3,285,000. The settlement recoveries, less Court-approved legal fees and disbursements (the "Settlement Amounts"), are now to be distributed.

All former Endeavour security holders who tendered securities pursuant to Aspen's take-over bid dated November 23, 2001 can now make a claim for payment. Visit www.aspenclassaction.ca (the "Settlement Website") to learn more and to make a claim for your share of the Settlement Amounts. Claims must be submitted by July 31^st, 2020.

If you are a class member, your name and information may already be contained in records held by the claims administrator. The claims administrator has a list of Endeavour security holders, provided by certain of the defendants, who tendered their shares into the take-over. In order to make a claim:

1. Class members who are on the list possessed by the claims administrator will receive a personal identification number (PIN) by letter, which will provide access to a personalized claims portal on the Settlement Website.
2. Class members who did not receive a PIN, but want to check whether or not they are present on the claims administrator's list, are encouraged to contact the claims administrator.
3. Class members who are not on the claims administrator's list can still make a claim by visiting www.aspenclassaction.ca and providing your name and particulars of your security holdings.

The claims process provides options and flexibility in respect of the proof required from claimants. If you have questions or concerns about proof (ex. if you believe you have a claim, but no longer have complete transaction records), you are encouraged to contact the claims administrator.

For more information regarding the claims process, or to see the court-approved Distribution Protocol, visit www.aspenclassaction.ca, or contact the claims administrator at [email protected] or 1.888.788.4840.

Foreman & Company, the lawyers acting for the class in this matter, can be contacted at [email protected] or at 1.855.814.4575, ext. 106. 

Foreman & Company, based in London, Ontario, has more than 20 years' experience in class action litigation and expertise in a full range of class action matters.

For further information: Media contact: Jonathan Foreman [email protected]

SOURCE Foreman & Company

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