Alpha Exploration Inc. Reports Update on Legal Proceedings
08.10.2014 | Newsfile
Vancouver, October 8, 2014 - Alpha Exploration Inc. (TSXV: AEX) ("AEX" or the "Company") announces that on October 7, 2014, the BC Supreme Court issued a decision concerning the Company's application for an injunction against NexGen Energy Ltd. and the Company's former VP Exploration, Garrett Ainsworth (collectively, the "Defendants"). The judge held that the matter was not suitable for disposition through a summary trial on affidavit evidence alone and therefore the merits of the dispute must be dealt with at a full trial. As a result, the Company's application for an injunction was dismissed on procedural grounds. The Company is disappointed with the outcome. Costs of the injunction application (approximately $3,000) were awarded to the Defendants. Alpha will consider pursuing a decision by full trial in accordance with the outcome at Court yesterday, and will disclose any further developments in due course.About Alpha Exploration Inc.
Alpha Exploration Inc. is a mineral exploration company whose principal focus is the exploration and development of mineral properties in Ontario, British Columbia and the Athabasca Basin in northern Saskatchewan, Canada. The common shares of the Company are listed on the TSX-V under the symbol "AEX".
On behalf of the Board of Directors of Alpha Exploration Inc.
"Michael Gunning"
Interim CEO and Director
For corporate communications please contact:
Alpha Exploration Inc.
Robert (Bob) Meister
Toll Free: 1-866-629-0293
Trading Symbol: TSX-V – AEX
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Forward Looking Statements: Statements contained in this news release that are not historical facts are forward-looking statements, which are subject to a number of known and unknown risks, uncertainness and other factors that may cause the actual results to differ materially from those anticipated in our forward looking statements. Although we believe that the expectations in our forward looking statements are reasonable, actual results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
