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Deutsche Bank's 'smoking gun' evidence cited in bid to expand U.S. silver rigging case
By Nate Raymond
Reuters
Thursday, December 8, 2016
Lawyers for investors accusing several major banks of conspiring to rig silver prices are seeking to add five new defendants to the case, based what they call "smoking gun" evidence they obtained from Deutsche Bank following a settlement.
In papers filed in Manhattan federal court on Wednesday, the lawyers sought to revive previously-dismissed claims against UBS and add Barclays, BNP Paribas, Standard Chartered, and Bank of America as defendants.
The newly cited evidence was produced by Deutsche Bank after it reached a $38 million settlement in the case earlier this year. The plaintiffs said the evidence showed the new defendants engaged in collusive price manipulation.
UBS said in a statement that it believed the plaintiffs' claims had "no merit." Representatives for the other banks either declined to comment or did not respond to requests for comment.
In their proposed revised complaint, the investors claim Deutsche Bank, HSBC Holdings, Bank of Nova Scotia, and others rigged prices of silver and silver financial instruments through a secret daily meeting called the Silver Fix.
The plaintiffs, who are seeking court permission to file the revised complaint, said more than 350,000 pages of documents and 75 audio tapes that Deutsche Bank produced, including electronic chats involving silver traders, backed up their claims. ...
... For the remainder of the report:
http://www.reuters.com/article/silver-lawsuit-idUSL1N1E316D
Sandspring Resources Commences 2016 Exploration Campaign
Company Announcement
August 17, 2016
Sandspring Resources Ltd. (TSX VENTURE:SSP, US OTC: SSPXF) is pleased to announce commencement of the 2016 exploration campaign at its Toroparu Gold Project in Guyana, South America.
In 2015 the company completed a 3,700-meter diamond drilling program on the promising Sona Hill Prospect, located 5 kilometers southeast of the main Toroparu deposit. Sona Hill is the easternmost gold anomaly in a cluster of 10 gold features located within a 20-by-7-kilometer hydrothermal alteration halo around Toroparu. Drilling at Sona Hill in 2012 and in 2015 intercepted high-grade mineralization in both saprolite and bedrock, and confirmed the continuity and grade potential of the Sona Hill mineralization.
For the remainder of the announcement and highlights of the 2015 drill program:
https://finance.yahoo.com/news/sandspring-resources-commences-2016-explo...
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