RE:$131 k in CASH???? On June 14, 2016 Carmax received notice that 7 parties had filed a Petition in the Supreme Court of British Columbia against the Chief Gold Commissioner (the “CGC”) requesting a judicial review of his decision to reinstate Carmax’s claim #1034634. The Petitioners’ request for a judicial review is based on two grounds, the first of which relates to the manner in which the CGC interpreted his authority under s. 67 of the Mineral Tenure Act and the factors he considered relevant in exercising his discretion. The second ground is a challenge of the procedures employed by the CGC in making his determination.
Subsequent to Year End:
The judicial review was heard in the Supreme Court of British Columbia on January 24, 2017. Carmax was not a party to these proceedings and until the decision from the Supreme Court is delivered, Carmax’s title to claim #1034634 is in doubt.