Northern Superior Provides an Update on its Litigation Against the Ontario Government
SUDBURY, ONTARIO--(Marketwired - May 11, 2015) - Northern Superior Resources Inc. (TSX VENTURE:SUP) ("Northern Superior") is pleased to provide the following update on its litigation against the Ontario Government regarding its Thorne Lake, Meston Lake and Rapson Bay properties. Further to the Company's press release dated April 23, 2015, a copy of which is available on SEDAR (www.sedar.com) or the Company's website (www.nsuperior.com), the trial date in the litigation against the Ontario Government has been moved to October 5th from June 1st. The Company is pleased that the case will still be heard by the Superior Court judge who has been case managing the litigation to date. The new date is the result of the repeated failure of the Ontario Government to provide on a timely and complete basis information Ontario is required to provide as part of the discovery process and which was due in mid- March. In response to these actions by Ontario, the Company will be bringing an application to the Court seeking to compel the remaining information from Ontario.
The Government took issue with certain documents and correspondence relating to the case having been posted on the Company's website. The Company removed the documents and gave the Ontario Government a week (to May 8) to articulate the precise nature of its objection so that the parties could explore a reasonable compromise on the issue. Unfortunately, Ontario refused to provide anything beyond broad assertions and as such the material at issue consisting of the parties' briefs prepared for the recent Mediation, a letter addressed to the recently appointed MNDM Deputy Minister and his response (a response that took over three weeks to receive) have been reposted on the Company's website. Northern Superior remains of the view that all stakeholders must be kept as fully informed as possible on developments in the case and the approach of the Ontario Government and will continue its efforts in this regard.
Northern Superior Resources is pleased to announce that NERA Economic Consulting has agreed to provide an expert report on valuation of the Company's properties for use in the litigation.
Reminder, Annual General Meeting
The Company wishes to remind its shareholders that its Annual General Meeting will be held May 28th, 2015 at 4:15pm, Eastern Standard Time. The meeting will be held at One King Street West Hotel & Residence, 1 King Street West, Toronto, Ontario Canada, M5H 1A1 in the Fourteen Hundred Room.
About Northern Superior
Northern Superior is a junior exploration company exploring for gold in the Superior Province of the Canadian Shield. The Company is currently focused on exploring its Croteau Est property in Quebec and its Ti-pa-haa-kaa-ning in Ontario. Northern Superior also has a number of other 100% owned properties in Ontario and Québec.
Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario and Québec, and trades on the TSX Venture Exchange under the symbol SUP.
For more information, please visit www.nsuperior.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
Contact
Northern Superior Resources Inc.
Thomas F. Morris
President and CEO
(705) 525-0992
www.nsuperior.com
