Boss Power Seeks New Mineral Projects
CDN $30,000,000 Settlement to Fund Future Acquisitions
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/21/11 -- Boss Power Corp. (TSX VENTURE: BPU) reports that with the matter of the lawsuit against the Province of British Columbia for the expropriation of the Blizzard Uranium Project now behind us, we are considering what our exploration focus will be moving forward.
The $30,000,000 plus costs that will flow to the company as a result of the settlement announced October 20th, 2011 will provide the company with the ability to seek out new exploration projects and once again make the company an active participant in the junior resource sector.
The company has the technical and corporate ability within its management and board of directors to take on the challenges of mineral exploration in a rapidly changing world.
President and CEO Randy Rogers noted: "Junior resource issuers need more than viable geological targets to return value to shareholders. For a company to thrive in any given jurisdiction we need political stability and security of tenure. The Province of British Columbia has indicated by settling this expropriation lawsuit that they are willing to listen to the concerns of the exploration industry and now has a chance to demonstrate to the world that British Columbia remains a safe place for exploration investment."
For additional information, please visit Boss Power's website at .
On Behalf of the Board of Directors
Boss Power Corp.
Randy Rogers, M.Sc., P.Geo., President & CEO
Contacts:
Boss Power Corp.
Randy Rogers, M.Sc., P.Geo.
President & CEO
250-558-8952
Boss Power Corp.
Tony Perri
Investor Relations, Manager
(604) 688-8115
(604) 669-2543 (FAX)
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Datum: 21.10.2011 - 20:07 Uhr
Sprache: Deutsch
News-ID 79015
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contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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