Tudor Gold’s Response to Seabridge Gold’s Press Release
Tudor Gold Corp. has taken a firm stance in response to Seabridge Gold’s press release regarding the license of occupation granted by the Government of British Columbia. By asserting its rights under the Land Act and emphasizing the protection of its mineral tenure rights and shareholders, Tudor Gold is demonstrating a commitment to safeguarding its interests.
Legal Provisions and Protection of Rights
By citing section 50(1)(a)(ii) of the Land Act and clarifying that no grant of mineral reserve can supersede pre-existing rights, Tudor Gold is ensuring that its legal position is well-founded. This proactive approach to protecting mineral tenure rights reflects the company’s dedication to upholding its rights in the face of potential challenges.
Potential Actions and Future Strategy
Tudor Gold’s indication of considering legal action, including the possibility of a claim for damages, underscores the seriousness with which it views the situation. By reviewing its options once it has official documentation from the government, the company is poised to make informed decisions to address any implications the license of occupation may have on its operations.
