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Gold/Mining/Energy : ATNA ( v.atn t.atn)
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To: Blake who wrote (288)6/24/1998 6:33:00 PM
From: Blake  Read Replies (1) of 509
 
Atna Resources Ltd -

Atna takes legal action against Boliden

Atna Resources Ltd
ATN
Shares issued 20,203,788
1998-06-23 close $0.78
Wednesday Jun 24 1998
Also Boliden Ltd (BOL)
Mr. Peter DeLancey reports
Further to news releases in Stockwatch dated May 28 and June 1, 1998
concerning Boliden's intended sale of its 60 per cent interest in the Wolverine
property, Yukon, Atna has filed a statement of claim in the Supreme Court of
British Columbia seeking:
1)
A declaration that the Boliden Westmin (Boliden) offer to sell its 60 per cent
interest in the Wolverine property to Expatriate Resources Ltd. for 4.8 million
shares constitutes an offer to sell under "right of first refusal" clauses of the
Atna/Boliden Wolverine joint venture agreement.
2)
An order that Boliden provide Atna with Boliden's estimate of the cash
equivalent value of 4.8 million shares of Expatriate so that Atna can exercise
its right to purchase the 60 per cent interest in the Wolverine property from
Boliden.
3)
An order restraining Boliden from selling its interest in the Wolverine property
to Expatriate until Atna's claim can be considered by the court.

Atna will be seeking summary judgment to resolve this matter.
The substance of Atna's claim is to require Boliden to comply with the terms of the
joint venture agreement. Upon the exercise of its right of first refusal, Atna will
own 100 per cent interest in the Wolverine property and intends to actively
continue exploration and development of the property.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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