VANCOUVER, British Columbia, July 18, 2017 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (CUU.V) (CPFXF) is pleased to announce that the decision of the Supreme Court of British Columbia related to the judicial review in which petitioners had challenged a decision of the Chief Gold Commissioner (the “CGC”) for the province of British Columbia in respect of Carmax Mining Corp.’s (“Carmax”) (CXM.V) Eaglehead Project has been received.
By way of background to the court’s decision, on June 14, 2016 Carmax received notice that certain parties had filed a Petition in the Supreme Court of British Columbia against the CGC requesting a judicial review of the CGC’s decision to reinstate Carmax’s mineral claim #1034634. The decision of the CGC was issued on April 22, 2016.
Copper Fox advises that the judicial review described in a number of news releases made by Carmax and in Copper Fox’s quarterly and annual MD&A disclosures was heard in the Supreme Court of British Columbia on January 24, 2017. Neither Copper Fox nor Carmax were a party to the proceedings.
On July 17, 2017, the Supreme Court issued its oral reasons for judgment on the Petitioners’ challenge. The Supreme Court dismissed the Petition, including the Petitioners’ request for an order setting aside the CGC’s decision.
The petitioners have 30 days to file an appeal from the court’s decision to the British Columbia Court of Appeal.
Copper Fox, through its wholly owned subsidiary Northern Fox Copper Inc., owns 65.4% of the issued shares of Carmax Mining Corp.
About Copper Fox
Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange (CUU.V) focused on copper exploration and development in Canada and the United States. The principal assets of Copper Fox and its wholly owned Canadian and United States subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper Inc., are the 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited on the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia and a 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona. For more information on Copper Fox’s other mineral properties and investments visit the Company’s website at http://www.copperfoxmetals.com.
For additional information contact: Investor line 1-844-484-2820 or Lynn Ball, at 1-403-264-2820.
On behalf of the Board of Directors
Elmer B. Stewart
President and Chief Executive Officer
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.