Prism Resources...... mit der Chance auf den 10 Millionen CAD Jackpot (Seite 3)
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ISIN: CA74264L2084 · WKN: A0BLHN · Symbol: PRS.H
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ICH HAB ES GEAHNT............
ORIGINAL: Ontario Superior Court of Justice Confirms Validity of Prism Resources' 7.5% NPI Royalty in Land Owned by Kirkland Lake Gold Subsidiary, Detour Gold ("Detour")
2021-04-06 11:38 ET - News Release
Vancouver, British Columbia--(Newsfile Corp. - April 6, 2021) - Prism Resources Inc. (TSXV: PRS) (The "Company") reports that the Ontario Superior Court of Justice ruled on April 1, 2021 that the Company's 7.5% Net Profit Interest in Detour's Aurora claims block and Sunday Lake claims block (the "Royalty") constitutes an interest in property held by the Company and is enforceable as against Detour. The Court also awarded costs in favour of the Company.
The Company had announced on April 30, 2019 that it had filed a Statement of Claim against Detour. In its claim, the Company sought, among other things, a declaratory judgment that the Royalty is a valid charge and is as against Detour.
The Company had announced on July 10, 2017 that it had entered into an agreement (the "Royalty Purchase Agreement") with AuRico Metals Inc. and Aurico Metals Canadian Royalty Partnership (together "AuRico") for the sale of the Royalty to AuRico. Following the announcement, the Company and AuRico received a written communication from Detour claiming the Royalty was invalid and unenforceable against Detour, notwithstanding Detour's long and consistent disclosure record to the contrary, and Detour's offers to purchase the Royalty prior to concluding the agreement with AuRico.
It has always been the Company's position that the Royalty was and remains fully enforceable against Detour, and the Court confirmed this in its April 1, 2021 ruling.
The Company also reports that the Company's noteholders agreed on March 23, 2021 to lend additional funds to the Company to bring the total funds advanced to $249,000. The Company intends to use these funds for general corporate purposes pertaining to its search for new mineral exploration and development opportunities.
The Company is deeply saddened to announce that after a short illness, CEO and President Bob Baxter has passed away. The Board of Directors has appointed Scott Ross as Interim CEO and President. Mr. Ross has been associated with the Company for many years.
About Prism Resources Inc.
Prism is a natural resources company that owns a 7.5% net profit interest (the "Royalty") in the Aurora and Sunday Lake claims, near the Detour Lake Gold mine. The Aurora claims cover areas which include Detours high grade Zone 58N discovery. Potential exists on the Aurora and Sunday Lake concessions to host additional discoveries which could generate significant cash inflows to Prism in the future.
ON BEHALF OF THE BOARD OF DIRECTORS
PRISM RESOURCES INC.
Scott Ross
Interim President & CEO
Scott M. Ross
Prism Resources Inc.
+1-604-803-4883
Email: sross@prismresourcesinc.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
bs
ORIGINAL: Ontario Superior Court of Justice Confirms Validity of Prism Resources' 7.5% NPI Royalty in Land Owned by Kirkland Lake Gold Subsidiary, Detour Gold ("Detour")
2021-04-06 11:38 ET - News Release
Vancouver, British Columbia--(Newsfile Corp. - April 6, 2021) - Prism Resources Inc. (TSXV: PRS) (The "Company") reports that the Ontario Superior Court of Justice ruled on April 1, 2021 that the Company's 7.5% Net Profit Interest in Detour's Aurora claims block and Sunday Lake claims block (the "Royalty") constitutes an interest in property held by the Company and is enforceable as against Detour. The Court also awarded costs in favour of the Company.
The Company had announced on April 30, 2019 that it had filed a Statement of Claim against Detour. In its claim, the Company sought, among other things, a declaratory judgment that the Royalty is a valid charge and is as against Detour.
The Company had announced on July 10, 2017 that it had entered into an agreement (the "Royalty Purchase Agreement") with AuRico Metals Inc. and Aurico Metals Canadian Royalty Partnership (together "AuRico") for the sale of the Royalty to AuRico. Following the announcement, the Company and AuRico received a written communication from Detour claiming the Royalty was invalid and unenforceable against Detour, notwithstanding Detour's long and consistent disclosure record to the contrary, and Detour's offers to purchase the Royalty prior to concluding the agreement with AuRico.
It has always been the Company's position that the Royalty was and remains fully enforceable against Detour, and the Court confirmed this in its April 1, 2021 ruling.
The Company also reports that the Company's noteholders agreed on March 23, 2021 to lend additional funds to the Company to bring the total funds advanced to $249,000. The Company intends to use these funds for general corporate purposes pertaining to its search for new mineral exploration and development opportunities.
The Company is deeply saddened to announce that after a short illness, CEO and President Bob Baxter has passed away. The Board of Directors has appointed Scott Ross as Interim CEO and President. Mr. Ross has been associated with the Company for many years.
About Prism Resources Inc.
Prism is a natural resources company that owns a 7.5% net profit interest (the "Royalty") in the Aurora and Sunday Lake claims, near the Detour Lake Gold mine. The Aurora claims cover areas which include Detours high grade Zone 58N discovery. Potential exists on the Aurora and Sunday Lake concessions to host additional discoveries which could generate significant cash inflows to Prism in the future.
ON BEHALF OF THE BOARD OF DIRECTORS
PRISM RESOURCES INC.
Scott Ross
Interim President & CEO
Scott M. Ross
Prism Resources Inc.
+1-604-803-4883
Email: sross@prismresourcesinc.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
bs
Ontario Superior Court of Justice Confirms Validity of Prism Resources' 7.5% NPI Royalty in Land Owned by Kirkland Lake Gold Subsidiary, Detour Gold ("Detour")
https://money.tmx.com/en/quote/PRS/news/8404613747561045/Ont…
https://money.tmx.com/en/quote/PRS/news/8404613747561045/Ont…
Antwort auf Beitrag Nr.: 66.625.943 von Winkl13 am 27.01.21 00:20:37Moin,
mir ein absolutes Rätsel warum es von keiner der beiden Parteien irgendeine Info gibt.
Kann natürlich auch sein,das man sich einigen möchte und dafür Stillschweigen vereinbart hat.
Bleibe auf jeden Fall dabei.
bs
mir ein absolutes Rätsel warum es von keiner der beiden Parteien irgendeine Info gibt.
Kann natürlich auch sein,das man sich einigen möchte und dafür Stillschweigen vereinbart hat.
Bleibe auf jeden Fall dabei.
bs
Hat jemand irgenwelche Meldungen zum Gerichtsstreit letzten Freitag gefunden?
Ich habe auch in alle Richtungen recherchiert und nichts gefunden. Komisch is nur das die Verhandlung um 10 Uhr Vormittag Ortszeit war und man danach keinerlei Ergebnis gehört hat. Aber vielleicht werden morgen News herausgegeben 😀
Trading Spotlight
Morgen sollte dann mal eine News zum Thema kommen.
Könnte mir auch vorstellen,das es am Freitag zu keinem Ergebnis kam und in die nächste Runde geht.Zumal man bei Detour/Kirkland auch nix hört.
bs
Könnte mir auch vorstellen,das es am Freitag zu keinem Ergebnis kam und in die nächste Runde geht.Zumal man bei Detour/Kirkland auch nix hört.
bs
Antwort auf Beitrag Nr.: 66.567.908 von boersensoldat am 22.01.21 19:57:43Nu ja, ist ja nicht schlimm. Aber der "Markt" weiß ja immer mehr und reagiert ja dann auch schon im Vorfeld
Antwort auf Beitrag Nr.: 66.567.677 von Kapitalrendite am 22.01.21 19:40:18Es gab noch keine News.Alles ist möglich,in jede Richtung.
bs
bs
Antwort auf Beitrag Nr.: 66.565.214 von boersensoldat am 22.01.21 17:05:03Dann scheint es, so wie es aussieht, erstmal eine Depotleiche zu sein 
Moin,
entweder Verhandlung läuft noch oder ist schon zu Ende......
Party Name:
PRISM RESOURCES INC.
Case Number:
CV-19-00618850-0000
Short Title of Proceedings:
PRISM RESOURCES INC. v DETOUR GOLD CORPORATION
Time:
Friday, Jan 22, 2020 10:00 AM
Room:
ZOOM LINE 353
Appearance/Event Type:
MOTION ON NOTICE
Appearance Type:
Videoconference
bs
entweder Verhandlung läuft noch oder ist schon zu Ende......
Party Name:
PRISM RESOURCES INC.
Case Number:
CV-19-00618850-0000
Short Title of Proceedings:
PRISM RESOURCES INC. v DETOUR GOLD CORPORATION
Time:
Friday, Jan 22, 2020 10:00 AM
Room:
ZOOM LINE 353
Appearance/Event Type:
MOTION ON NOTICE
Appearance Type:
Videoconference
bs
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