Tudor Gold Responds to Seabridge Gold News Release
Tudor Gold Corp. (TSXV: TUD) has responded to Seabridge Gold's press release regarding a license of occupation granted by the Government of British Columbia. Tudor Gold states that it has not received any copy of the license or been informed of the reasons for granting it. The company maintains that:
1. Section 50(1)(a)(ii) of the Land Act restricts any disposition of Crown lands from interfering with mineral tenure rights.
2. No grant of mineral reserve can grant mineral title rights or interfere with pre-existing rights.
Tudor Gold intends to take all necessary steps to protect its mineral tenure rights, property rights, and shareholders. This may include legal action for damages if required. The company will review its options once it receives official documentation and reasons for the license grant from the government.
Tudor Gold Corp. (TSXV: TUD) ha risposto al comunicato stampa di Seabridge Gold riguardante una licenza d’occupazione concessa dal Governo della Columbia Britannica. Tudor Gold dichiara di non aver ricevuto alcuna copia della licenza né essere stata informata delle motivazioni per la sua concessione. L'azienda sostiene che:
1. La Sezione 50(1)(a)(ii) della Legge sulle Terre limita qualsiasi disposizione di terreni pubblici dall'interferire con i diritti di concessione mineraria.
2. Nessuna concessione di riserve minerali può conferire diritti di titolo minerario o interferire con diritti preesistenti.
Tudor Gold intende prendere tutte le misure necessarie per proteggere i suoi diritti di concessione mineraria, i diritti di proprietà e gli azionisti. Questo potrebbe includere azioni legali per danni se necessario. L'azienda esaminerà le sue opzioni una volta ricevuta la documentazione ufficiale e le motivazioni per la concessione della licenza da parte del governo.
Tudor Gold Corp. (TSXV: TUD) ha respondido al comunicado de prensa de Seabridge Gold sobre una licencia de ocupación otorgada por el Gobierno de Columbia Británica. Tudor Gold afirma que no ha recibido ninguna copia de la licencia ni ha sido informada de las razones para otorgarla. La compañía sostiene que:
1. La Sección 50(1)(a)(ii) de la Ley de Tierras restringe cualquier disposición de tierras de la Corona que interfiera con los derechos de tenencia mineral.
2. Ninguna concesión de reservas minerales puede otorgar derechos de título mineral ni interferir con derechos preexistentes.
Tudor Gold tiene la intención de tomar todas las medidas necesarias para proteger sus derechos de tenencia mineral, derechos de propiedad y accionistas. Esto puede incluir acción legal por daños si es necesario. La compañía revisará sus opciones una vez que reciba la documentación oficial y las razones para la concesión de la licencia por parte del gobierno.
Tudor Gold Corp. (TSXV: TUD)는 브리티시컬럼비아 정부가 부여한 점유 허가에 대한 Seabridge Gold의 보도 자료에 응답했습니다. Tudor Gold는 허가서의 사본을 받지 않았으며 허가 이유에 대해서도 알지 못했다고 주장합니다. 이 회사는 다음과 같이 주장합니다:
1. 토지법 제50조(1)(a)(ii)조항은 왕립 토지의 처분이 광물 소유권과 간섭하는 것을 제한합니다.
2. 광물 매장량의 어떤 부여도 광물 소유권을 부여하거나 기존 권리를 침해할 수 없습니다.
Tudor Gold는 그의 광물 소유권, 재산권, 주주를 보호하기 위해 필요한 모든 조치를 취할 의도를 가지고 있습니다. 이는 필요할 경우 손해에 대한 법적 조치를 포함할 수 있습니다. 회사는 정부로부터 허가 부여에 대한 공식 문서와 이유를 받은 후 선택사항을 검토할 것입니다.
Tudor Gold Corp. (TSXV: TUD) a répondu au communiqué de presse de Seabridge Gold concernant un permis d'occupation délivré par le gouvernement de la Colombie-Britannique. Tudor Gold déclare qu'il n'a reçu aucune copie du permis ni été informé des raisons de son octroi. La société soutient que :
1. La section 50(1)(a)(ii) de la Loi sur les terres limite toute disposition de terres Crown qui interférerait avec les droits de tenure minérale.
2. Aucune attribution de réserves minérales ne peut accorder de droits de titre minéral ou interférer avec des droits préexistants.
Tudor Gold a l'intention de prendre toutes les mesures nécessaires pour protéger ses droits de tenure minérale, ses droits de propriété et les intérêts de ses actionnaires. Cela peut inclure une action en justice pour dommages si nécessaire. L'entreprise examinera ses options une fois qu'elle aura reçu la documentation officielle et les raisons de la délivrance du permis par le gouvernement.
Tudor Gold Corp. (TSXV: TUD) hat auf die Pressemitteilung von Seabridge Gold hinsichtlich einer von der Regierung von British Columbia erteilten Nutzungsbewilligung reagiert. Tudor Gold erklärt, dass es keine Kopie der Genehmigung erhalten und nicht über die Gründe für deren Erteilung informiert wurde. Das Unternehmen betont:
1. § 50(1)(a)(ii) des Landgesetzes beschränkt jede Verfügung über Kronland darauf, die mineralischen Eigentumsrechte nicht zu beeinträchtigen.
2. Keine Genehmigung für mineralische Reserven kann mineralische Eigentumsrechte gewähren oder in bereits bestehende Rechte eingreifen.
Tudor Gold beabsichtigt, alle notwendigen Schritte zu unternehmen, um seine mineralischen Eigentumsrechte, Eigentumsrechte und die Interessen seiner Aktionäre zu schützen. Dies kann, wenn nötig, rechtliche Schritte zur Schadensersatzforderung einschließen. Das Unternehmen wird seine Optionen überprüfen, sobald es offizielle Dokumente und Gründe für die Genehmigung von der Regierung erhält.
- Tudor Gold is taking a proactive stance to protect its mineral tenure rights and shareholder interests
- The company is prepared to take legal action if necessary to defend its rights
- Potential conflict with Seabridge Gold over mineral rights and land use
- Uncertainty regarding the impact of the license of occupation on Tudor Gold's operations
- Possible legal expenses and resources required to address the situation
Vancouver, British Columbia--(Newsfile Corp. - September 25, 2024) - Tudor Gold Corp. (TSXV: TUD) (FSE: H56) (the "Company" or "Tudor") in response to Seabridge Gold's press release issued on September 25, 2024, Tudor Gold states that the Company has not been provided by the Government of British Columbia with any copy of the license of occupation nor has it been informed of the reasons for granting the license of occupation as announced this morning by Seabridge Gold Inc.
Tudor Gold takes the position now and maintains its position that section 50(1)(a)(ii) of the Land Act restricts any disposition of Crown lands, including this license of occupation, from interfering with mineral tenure rights. https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/96245_01#section50
Secondly, Tudor Gold takes the position that no grant of any mineral reserve pursuant to the Mineral Tenure Act can grant mineral title rights to any party and cannot interfere in any way with pre-existing rights. This applies to both conditional mineral reserve grants and non-staking mineral reserve grants.
Tudor Gold shall take all steps necessary to protect its mineral tenure rights, its rights to property, and its shareholders.
Those rights will be protected as necessary, including if it is required an action for damages for a statutory taking.
Upon receipt of the Government of British Columbia's official copy of the license of occupation, and the governmental decision makers' reasons, if any, for the granting of the license of occupation, and allowing for consideration and advice on those matters, Tudor Gold shall take such steps as are necessary to protect its mineral tenures, rights to property and its shareholders.
About Tudor Gold
TUDOR GOLD CORP. is a precious and base metals exploration and development company with claims in British Columbia's Golden Triangle (Canada), an area that hosts producing and past-producing mines and several large deposits that are approaching potential development. The 17,913 hectare Treaty Creek project (in which TUDOR GOLD has a
ON BEHALF OF THE BOARD OF DIRECTORS OF
TUDOR GOLD CORP.
"Ken Konkin"
Ken Konkin
President and Chief Executive Officer
For further information, please visit the Company's website at www.tudor-gold.com or contact:
Chris Curran
Vice President of Investor Relations and Corporate Development
Phone: (604) 559 8092
E-Mail: chris.curran@tudor-gold.com
Or
Patrick Donnelly
Vice President of Capital Markets
Phone: (604) 559 8092
E-Mail: patrick@tudor-gold.com
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.
Cautionary Statements regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the completion and anticipated results of planned exploration activities. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company's planned exploration activities will be completed in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.
There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.
The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224540
FAQ
What is Tudor Gold's response to Seabridge Gold's press release on September 25, 2024?
How does Tudor Gold plan to protect its mineral tenure rights?
What legal provisions is Tudor Gold citing in response to the license of occupation?
What potential actions might Tudor Gold take regarding the license of occupation issued on September 25, 2024?
