Siskinds Announces Filing of a Proposed Class Action Against

Siskinds Announces Filing of a Proposed Class Action Against Poseidon
Concepts Corp. 
TORONTO, ONTARIO -- (Marketwire) -- 11/27/12 -- Siskinds LLP today
announced the filing in the Ontario Superior Court of Justice of a
proposed class action against Poseidon Concepts Corp., and certain of
the company's officers and directors. 
The proposed class includes all persons, wherever resident, who
acquired securities of Poseidon Concepts on or prior to November 14,
2012, whether in a prospectus offering or in the secondary market.  
The action alleges, among other things, that the defendants made
statements that were materially false and misleading regarding
Poseidon Concepts' financial position, financial performance and cash
flows, overstated the company's incomes and reported inflated assets.
Among other relief, the action claims $200 million in damages.  
If you acquired securities of Poseidon Concepts on or prior to
November 14, 2012, please complete the online information form at:
http://www.classaction.ca/joinaction.aspx?action=poseidon. 
Any inquiries regarding this proceeding may be directed to Nicole
Young of Siskinds LLP. Ms. Young can be contacted by telephone (toll
free) at (800) 461-6166 (ext. 2380) or by email at
nicole.young@siskinds.com.
Contacts:
Siskinds LLP
Nicole Young
Toll Free: (800) 461-6166 (ext. 2380)
nicole.young@siskinds.com
 
 
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