May 15 (Reuters) - Cape Lambert Resources Ltd CFE.AX :
* CFE commences legal action over Timis Mining Funding
* Commenced legal action (as plaintiff) in high court of Sierra Leone against Craig Dean, Gerald Metals, Frank Timis and Timis Mining Corp
* Transfer of ownership from Timis Trust to Gerald Group was in breach of terms agreed between Cape Lambert and Timis Mining Corporation
* Plaintiff's claim is for damages for conspiracy to injure plaintiff in its business activities Source text for Eikon: Further company coverage: CFE.AX