SHAREHOLDER ALERT: WeissLaw LLP Investigates U.S. Gold Corp.
NEW YORK, Sept. 30, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of U.S. Gold Corp. ("USAU" or the "Company") (NASDAQ: USAU) in connection with the Company's August 10, 2020 merger agreement with Northern Panther Resource Corporation ("Northern Panther") and August 10, 2020 securities purchase agreement with certain investors ("Purchasers"). Under the terms of each agreement, the Company's shareholders will vote to approve the issuance of shares of USAU common stock upon: (i) conversion of the Series H Convertible Preferred Stock issued as part of the merger consideration to Northern Panther; (ii) conversion of the Series I Convertible Preferred Stock issued in a private placement to the Purchasers; and (iii) the exercise of certain warrants issued in a private placement to the Purchasers, in each case in excess of 20% of USAU's common stock outstanding.
If you own USAU shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
https://www.weisslawllp.com/USAU/
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw is investigating whether USAU's board acted in the best interest of the Company's public shareholders in agreeing to the share issuance, and whether all information regarding the valuation of the transaction is fully and fairly disclosed to USAU's public shareholders in USAU's September 14, 2020 definitive proxy statement.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com
View original content to download multimedia:http://www.prnewswire.com/news-releases/shareholder-alert-weisslaw-llp-investigates-us-gold-corp-301143492.html
SOURCE WeissLaw LLP
