Copper Fox Announces Court Decision on Judicial Review of Eaglehead Project
July 18 2017 - 6:00AM
Copper Fox Metals Inc.
(“Copper Fox” or the
“Company”) (TSX-V:CUU) (OTC:CPFXF) is pleased to announce
that the decision of the Supreme Court of British Columbia related
to the judicial review in which petitioners had challenged a
decision of the Chief Gold Commissioner (the “CGC”) for the
province of British Columbia in respect of Carmax Mining Corp.’s
(“Carmax”) (TSX-V:CXM) Eaglehead Project has been received.
By way of background to the court’s decision, on
June 14, 2016 Carmax received notice that certain parties had filed
a Petition in the Supreme Court of British Columbia against the CGC
requesting a judicial review of the CGC’s decision to reinstate
Carmax’s mineral claim #1034634. The decision of the CGC was issued
on April 22, 2016.
Copper Fox advises that the judicial review
described in a number of news releases made by Carmax and in Copper
Fox’s quarterly and annual MD&A disclosures was heard in the
Supreme Court of British Columbia on January 24, 2017. Neither
Copper Fox nor Carmax were a party to the proceedings.
On July 17, 2017, the Supreme Court issued its
oral reasons for judgment on the Petitioners’ challenge. The
Supreme Court dismissed the Petition, including the Petitioners’
request for an order setting aside the CGC’s decision.
The petitioners have 30 days to file an appeal from the court’s
decision to the British Columbia Court of Appeal.
Copper Fox, through its wholly owned subsidiary
Northern Fox Copper Inc., owns 65.4% of the issued shares of Carmax
Mining Corp.
About Copper FoxCopper Fox is a Tier 1 Canadian
resource company listed on the TSX Venture Exchange (TSX-V:CUU)
focused on copper exploration and development in Canada and the
United States. The principal assets of Copper Fox and its wholly
owned Canadian and United States subsidiaries, being Northern Fox
Copper Inc. and Desert Fox Copper Inc., are the 25% interest in the
Schaft Creek Joint Venture with Teck Resources Limited on the
Schaft Creek copper-gold-molybdenum-silver project located in
northwestern British Columbia and a 100% ownership of the Van Dyke
oxide copper project located in Miami, Arizona. For more
information on Copper Fox’s other mineral properties and
investments visit the Company’s website at
http://www.copperfoxmetals.com.
For additional information contact: Investor
line 1-844-484-2820 or Lynn Ball, at 1-403-264-2820.
On behalf of the Board of Directors
Elmer B. StewartPresident and Chief Executive Officer
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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