Vancouver’s Boss Power Corp. (TSX-V:BPU) said Monday the B.C. Supreme Court has dismissed the province's application to throw out a suit Boss is pursuing over alleged attempts to block the company from exploring the Blizzard Uranium Property in the Okanagan.
On October 16th, 2008, Boss filed a claim alleging the province prevented it from exploring for or producing uranium or thorium from the Blizzard Uranium Property – which is Boss’ primary development focus.
The province, claimed Boss, had also expropriated the company's interest in the property. The company is seeking damages and compensation for the expropriated property.
Following pre-trial investigations, Boss added an additional claim against the province for misfeasance of public office for refusing to process Boss’ notice of work applications in a timely fashion – thereby preventing the company from completing exploration work.
During B.C. Supreme Court proceedings in late October, the province brought an application attempting to have the Boss’ claim and action dismissed.
On November 23, in addition to dismissing the province's application, the court ordered the province to pay Boss’ legal costs for responding to the application.
"We continue to seek compensation for the damages suffered by the company from both the expropriation of the Blizzard Uranium Property in 2008 and the conduct of certain officials in failing to deal with our exploration permits,” said Boss' president and CEO Randy Rogers in a release.
Boss’ share price remained flat during mid-morning trading Monday.
Boss’ share price range during the last week: $0.12 to $0.14; 52-week high: $0.18; 52-week low: $0.10.