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Gold/Mining/Energy : ATNA ( v.atn t.atn)

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To: Steven Fischer who wrote (290)7/1/1998 1:19:00 AM
From: Blake   of 509
 

Wednesday, July 1, 1998

Atna wins court delay in tiff with Boliden
over Yukon mine

By PETER KENNEDY
Vancouver Bureau The Financial Post
Atna Resources Ltd. has won a temporary injunction from the Supreme Court of British Columbia
preventing partner Boliden Ltd. from transferring its interests in a rich Yukon metals find to
Expatriate Resources Ltd.
The dispute is over the Wolverine Lake polymetallic discovery, which is owned 60% by Toronto
metals company Boliden and 40% by Vancouver-based Atna.
Atna has argued Boliden's plan to exchange its stake in the property for Expatriate shares breaches
an earlier agreement giving Atna right of first refusal on Boliden's interest.
Yesterday, the court ruled Atna will have suffered irreparable harm if the sale of Boliden's interest to
Expatriate is completed.
As a result of the decision, Boliden cannot transfer its interest before the B.C. court makes a final
ruling in a summary trial, which will probably take place within the next three weeks.
Boliden shares (BOL/TSE) closed yesterday at $8, down 25›. Atna shares (ATN/TSE) rose 7› to
95›. Expatriate stock (EXR/Vse) fell 1› to 47›.
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