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Bre-X Minerals Ltd.

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Bre-X Minerals Ltd.
A company involved in one of the largest stock swindles in history. Its Indonesian gold property, which reportedly contained over 200 million ounces, was proven fraudulent in May of 1997.

Notes:
At its peak, Bre-X had a market capitalization of US$4.4 billion.



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The die was cast for the financial fiasco involving the proposed mines owned by Canadian-based Bre-X Minerals Ltd.
District Court for the Eastern District Court of Texas (Texarkana Division) denied all pending motions of the Plaintiffs seeking to certify a class action in the lawsuit against several Defendants, including Barrick, related to Bre-X Minerals Ltd.
3 percent of the outstanding shares of Bre-X Minerals Ltd.
 
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