Boss Power Settles Lawsuit With Province of British Columbia
21 October 2011 - 12:20AM
Marketwired Canada
Boss Power Corp. (TSX VENTURE:BPU) is pleased to report that the lawsuit against
the Province of British Columbia with regard to the expropriation of the
Blizzard Uranium Property has been settled.
The material terms of the settlement include a payment by the Province to Boss
Power Corp. in the amount of $30,000,000 plus taxable costs and disbursements in
return for the surrender or transfer of the Blizzard Mineral Claims to the
Province.
The trial of the lawsuit in British Columbia Supreme Court will accordingly not
proceed.
For additional information, please visit Boss Power's website at www.bosspower.ca.
On Behalf of the Board of Directors
BOSS POWER CORP.
Randy Rogers, M.Sc., P.Geo., President & CEO
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