The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Asanko Gold Inc. (NYSEMKT: AKG) who purchased shares between October 24, 2014 and May 31, 2017. The action, which was filed in the U.S. District Court for the Eastern District of New York , alleges that the Company violated federal securities laws.
In particular, the complaint alleges that (1) the Company’s Mineral Resource Estimates are flawed; (2) some of the Company’s resources models show signs that they have been “smeared,” which would cause estimates of their ore contents to be inflated; and (3) as a result, the Company’s public statements were materially false and misleading.
Shareholders have until July 31, 2017 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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