NEW YORK, July 13, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Pacific Booker Minerals Inc. ("Pacific Booker" or the "Company") (NYSE MKT:PBM).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose the level of environment compliance of its current projects. Specifically, on July 7, 2015, Canada's Environment Minister and Energy and Mines Minister announced that the Company's proposed Morrison copper-gold mine must undergo further assessment. The Ministries pointed to a lack of information to ascertain that the mine's design is environmentally friendly.
After this announcement, Company's share price fell $1.58, or 36.1%, on intraday trading, to close at $2.80 on July 8, 2015.
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If you invested in Pacific Booker stock and would like to discuss your legal rights, visit www.faruqilaw.com/PBM. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Pacific Booker's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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