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Altai Resources Inc V.ATI

Alternate Symbol(s):  ARSEF

Altai Resources Inc. is a Canada-based natural resource exploration and development company. The Company has a portfolio of natural gas, oil, and gold properties in Canada. It has two natural resource properties, all in Canada. Two of the properties, both in Quebec, are in the exploration stage. The Company has approximately a 45% net working interest in an oil-producing property in southern Alberta. The 50%-owned Malartic gold property consists of six map designated claims (CDC) totaling approximately 127.6 hectares (ha) in the Malartic Township, Val d'Or area, Quebec, approximately five kilometers (km) north-east of the town of Malartic and the Canadian Malartic mine. Its Cessford Oil property owns a working interest in approximately 240 acres of Alberta Crown leases in the Cessford area of central Alberta.


TSXV:ATI - Post by User

Post by rarihokwatson Jun 10, 2023 6:24am
329 Views
Post# 35489771

waiting, waiting

waiting, waitingPatience indeed needed. We wait for this:
In March 2022, the Company filed a claim in the Superior Court of Quebec against the Minister of Energy and Natural Resources of Quebec and the Quebec Government, as represented by the Attorney-General for Quebec (collectively the “Defendants”) to defend the Company’s rights and to seek compensation from the Defendants for the illegal expropriation of its Quebec oil and gas licences by the Defendants by the enactment of the Petroleum Resources Act and its Regulations, the Defendants’ subsequent unlawful application of same, and their intended completion of this illegal expropriation with Bill 21. To date, the said claim is ongoing.
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