Altai Resources Inc V.ATI

Alternate Symbol(s): ARSEF

Energy Oil & Gas E&P

Altai Resources Inc. is a Canada-based resource company with a producing oil property in Alberta and an exploration gold property in Quebec. The Company has approximately 50% net working interest in an oil producing property in southern Alberta and 50% net working interest in a gold property in the Malartic Township, Quebec, which is at an early stage of development. The Company's properties are located in Canada. The Company has 50% working interest in approximately 240 acres of Alberta Crown leases in the Cessford area of southern Alberta. The 50%-owned Malartic gold property (named Blackcliff gold property by joint-venture partner and operator, Globex Mining Enterprises Inc.) consists of six map designated claims (CDC) totaling approximately 127.6 hectares (315 acres) 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 which is Canada's largest gold mine.

TSXV:ATI - Post by User

Altai Resources Inc

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Post by rarihokwatson Jun 06, 2019 6:17am

225 Views

Post# 29801913

Response from company.

Some words from Maria, who is always kind enough to respond to email questions:

Altai is of course very concerned about all the development in the Quebec oil and gas industry and the responses from the Quebec Government including the Ministry towards the Petroleum Resources Act and Regulations and the lawsuit by Questerre. We are monitoring the situation at all times and are discussing with other companies on the line of optimum actions Altai and other companies can take to protect the companies and shareholders’ best interests and in moving forward.

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