Copper $ 5.6358 / lb 2.72%
Brent Crude Oil $ 104.4 / bbl -4.21%
Palladium $ 1496.5 / ozt 5.39%
Crude Oil $ 101.85 / bbl -3.06%
Natural Gas $ 2.89 / Btu 0.10%
Silver Futures $ 75.495 / ozt 7.47%
Aluminum Futures $ 3314.25 / ton -1.21%
Micro Gold Futures $ 4713.1 / ozt 3.80%
Micro Silver Futures $ 75.48 / ozt 7.54%
Platinum $ 1973.85 / ozt 4.22%
Gold Futures $ 4713.3 / ozt 3.84%
Go to MDC Markets

Court action against URSA Major Minerals is dismissed

Michael Allan McCrae | March 3, 2011 | 3:06 pm Base Metals Canada Copper Nickel 
Mining Truck

On Tuesday the Ontario Superior Court of Justice dismissed Inspiration Mining Corporation’s court application against URSA Major Minerals.

Inspiration sought to reverse a private placement that URSA closed on Jan. 31, 2011.

“After legal argument, a judge of the Ontario Superior Court confirmed that ISM’s application was dismissed in its entirety with written reasons to follow. The court has also advised that ISM will be ordered to pay $11,000 in costs in favour of URSA Major,” said the company in a statement.

URSA Major is a Canadian mining company with an operating mine in the Sudbury area with a focus on nickel and copper.

Michael Allan McCrae wrote this story. You can contact him at mmccrae@mining.com.

Comments

No comments found.

More News

{{ commodity.name }}