Boss Power Provides Update on Progress of Company's Lawsuit Against Province of B.C.
29 Noviembre 2010 - 10:27AM
Marketwired
Boss Power Corp. (TSX VENTURE: BPU) is pleased to provide an update
on the progress of the Company's lawsuit in the Supreme Court of
British Columbia against the Province of British Columbia with
regard to the Blizzard Uranium Property.
On October 16th, 2008, the Company filed a statement of claim in
the Supreme Court of British Columbia alleging that the Province
had, by imposing a Uranium and Thorium Reserve under the Mineral
Tenure Act, prevented the company from exploring for or producing
uranium or thorium from the Blizzard Uranium Property and that the
Province had expropriated the Company's interest in the Property.
The Statement of Claim sought damages and compensation for the
expropriated property.
As a result of ongoing pre-trial investigations legal counsel
acting on behalf of the Company applied to amend the Statement of
Claim to add an additional claim against the Province for
Misfeasance of Public Office. This new claim was premised, in part,
on the fact that the Province refused to process the Company's
Notice of Work applications in a timely fashion and thereby
prevented the Company from completing exploration work that may
have then warranted application being made to the Federal
Government for the development of a mine on the Blizzard site. The
damage from this refusal to process the Company's permits was
reinforced by an Order in Council issued by the Province on March
12th, 2009 which prohibited the Chief Inspector of Mines from
issuing work permits in respect of uranium and thorium.
The Province opposed the application to amend the original
action in the Supreme Court of British Columbia. A hearing was held
and the Court approved the amendment adding the claim of
Misfeasance in Public Office. The amended civil action was filed in
early September 2010.
In a subsequent court proceeding on October 28th and 29th, 2010
the Province brought an application in British Columbia Supreme
Court attempting to have the Boss Power claim and action against
the Province dismissed on a summary application. In a written
judgment dated November 23rd, 2010, the Court dismissed the
Province's application. In addition to dismissing the Province's
application, the court ordered the Province to pay Boss Power's
legal costs for responding to the application.
Boss Power Corp.'s President and CEO Randy Rogers noted: "We
continue to seek compensation for the damages suffered by the
Company from both the expropriation of the Blizzard Uranium
Property in 2008 and the conduct of certain officials in failing to
deal with our exploration permits. The trial will proceed in this
matter in early 2011."
On Behalf of the Board of Directors
BOSS POWER CORP.
Randy Rogers, M.Sc., P.Geol., President & CEO
Neither TSX Venture Exchange nor the Investment Industry
Regulatory Organization of Canada accepts responsibility for the
adequacy or accuracy of this release.
Contacts: Boss Power Corp. Randy Rogers, M.Sc., P.Geol.
President & CEO 250-558-8952 r.rogers@bosspower.ca Boss Power
Corp. Tony Perri Investor Relations, Manager 604-688-8115
www.bosspower.ca
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