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Pacific Booker Minerals Inc V.BKM

Alternate Symbol(s):  PBMLF

Pacific Booker Minerals Inc. is a Canadian natural resource exploration company. The Company’s principal business activity is the exploration of its mineral property interests, with its principal mineral property interests located in Canada. The Company is in the advanced stage of exploration of the Morrison deposit, a porphyry copper/gold/molybdenum ore body, located approximately 35 kilometers (km) north of Granisle, BC and situated within the Babine Lake Porphyry Copper Belt. It has a 100% interest in certain mineral claims located contiguous to the Morrison claims. The Company is proposing an open-pit mining and milling operation for the production of copper/gold/silver concentrate and molybdenum concentrate. It is located within 29 km of two former producing copper mines, Bell and Granisle. The Company is in the design stage of the exploration and evaluation of the Morrison property.


TSXV:BKM - Post by User

Post by uptowndog1on Mar 22, 2022 9:31pm
219 Views
Post# 34536401

20 million loan

20 million loanNisga’a Nation temporarily halting one-time treaty loan repayment

B.C. government disputes land claim by First Nation on Vancouver Island


The Nisga’a Lisims Government (NLG) is temporarily halting distribution of the one-time disbursements from its $20 million treaty loan repayment that came from the federal government last year.


In a statement released March 22, the NLG said its executive decided to pause the remainder of the payments owing to anomalies such as outdated addresses and duplication of payments.

On Dec. 4, the NLG executive announced that each registered Nisga’a citizen was entitled to $2,500. To date, 93 per cent of registered Nisga’a citizens have received the payment. Seven per cent or approximately 500 Nisga’a citizens are yet to receive the one-time gift.

”NLG is currently working with each Nisga’a village and Nisga’a urban local offices to produce reconciliation reports which will include the return of unpaid gift allocations to NLG that were not claimed or were returned to a Nisga’a village or Nisga’a urban local as a result of unknown addresses, or cheques simply not picked up at the time of distribution,” the First Nation government said in a statement.

NLG said it aims to to complete the reconciliation review carefully and will establish direct communication with those citizens impacted. Payments will then be administered to the remaining seven per cent of citizens who have not yet received the one-time gift, subject to any valid third party claims to payments.

“This process has proven the importance and responsibility on citizens to keep their addresses current with NLG’s Eligibility & Enrolment department’, NLG President Eva Clayton said. Change of address forms are available on NLG’s website.

In 2019 the federal government committed to reimbursing Indigenous groups — 234 so far — that have reached a comprehensive land claims settlement for their repaid negotiation loan debt.

The Nisga’a Nation repaid its debt in 2014 that was built up while negotiating the Nisga’a Treaty, and is expecting $78 million in reimbursements over five years.

According to Crown-Indigenous Relations and Northern Affairs Canada, the NLG has received two reimbursement payments, with the third payment set for April 2022. There are no conditions attached to the payments.
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