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Van Sun says Cline sues B.C. for $500-million Cline Mining Corp (C:CMK) Shares Issued 208,626,977 Last Close 5/29/2012 $0.95 Wednesday May 30 2012 - In the News The Vancouver Sun reports in its Wednesday edition that Cline Mining has filed a $500-million lawsuit against the B.C. government after losing a series of mining claims in the Flathead Valley in the southeast. The Sun's Scott Simpson writes that Cline's action comes 27 months after the province yielded to pressure from environmentalists and the U.S. government to halt mining activity on the Canadian side of the environmentally sensitive Flathead, which is within Glacier National Park in Montana. Cline announced Tuesday it has filed a notice of civil claim in B.C. Supreme Court, seeking a declaration that its mineral rights under its coal licences and coal-licence applications, for the Lodgpole, Sage Creek and Cabin Creek properties, "were expropriated, taken or injuriously affect by the province's passing of the [Flathead Watershed Conservation] Act. "Cline is also seeking compensation including, but not limited to, the loss of the value of the licenses and applications for licenses for these properties, estimated at in excess of $500-million on a net present value basis over the expected lives of the mines. Cline has retained Fraser Milner Casgrain LLP. Its shares closed at 95 cents, up four cents. |
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| aus der Diskussion: | BL - Musterdepot (2012) Start mit 10.000 CAD |
| Autor (Datum des Eintrages): | boersenbrieflemming (30.05.12 15:23:05) |
| Beitrag: | 101 von 431 (ID:43227173) |
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