Atna Resources Denied Grant of Certiorari in the McDonald Takings Case
Golden, CO � October 7, 2008 - Atna Resources Ltd. (�Atna�) � (TSX:ATN), was notified that its petition for writ of certiorari with the United States Supreme Court in the case Seven-Up Pete Venture, et al. v Brian Schweitzer, et al. was denied. The petition was filed by Mountain States Legal Foundation (�MSLF�) a nonprofit, public interest law firm dedicated to individual liberty, the right to own and use property, limited and ethical government and the free enterprise system.
�We are disappointed but not surprised by this outcome. While we feel that we had a strong case, competition for space on the Supreme Court�s crowded docket is high. This decision now ends our pursuit of this case. Atna would very much like to thank the MSLF for their defense and support in this case,� states James Hesketh, President, COO & Director.
The McDonald takings claim was initiated in April 2000 as a result of the passage of the 1998 I-137 anti-cyanide ballot initiative in the State of Montana. Passage of this initiative resulted in an unprecedented law that was narrowly crafted to specifically outlaw the use of cyanide to recover gold from ores mined by open pit methods. This legislation was the first of its kind in the U.S. By the time the initiative passed, the Seven-Up Pete Venture had spent over $70 million on drilling, permitting and engineering at the McDonald gold project in Montana. The passage of this initiative critically impaired the project.
FURTHER INFORMATION:
For further information on Mountain States Legal Foundation please visit www.mountainstateslegal.org
For additional information on Atna Resources, please visit our website at www.atna.com or contact:
James Hesketh, President and COO (303) 278-8464
Valerie Kimball, Investor Relations (303) 278-8464 or toll free (877) 692-8182
Renmark Financial Communications Inc.
Barbara Komorowski : bkomorowski@renmarkfinancial.com
Barry Mire : bmire@renmarkfinancial.com
Tel. : (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com
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Atna Resources Ltd
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PRODUCER |
CODE : ATN.TO |
ISIN : CA04957F1018 |
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Atna Resources is a zinc and gold development stage company based in Canada. Atna Resources develops zinc, gold, copper, lead and silver in Canada, and holds various exploration projects in Canada. Its main asset in production is BRIGGS in USA, its main asset in development is WOLVERINE in Canada and its main exploration properties are KENDALL GOLD MINE, CONVERSE, ATLANTA (NEVADA), MOUNT EDNA, CLOVER, WOLF PROPERTY, TRAM PROSPECT, SAND CREEK JV, TREE PROPERTY, WHITE BULL, BEOWAWE, TY, UDUK, JARBRIDGE, ECSTALL PROPERTY, CONVERSE & SAND CREEK URANIUM, TRIPLE JUNCTION, GOLDTOOTH - BRIGGS, SEVEN-UP PETE GOLD, COLUMBIA PROPERTY, REWARD PROPERTY, PINSON, MT. EDNA and MCDONALD in Canada and CACHINAL and CELESTE in Chile. Atna Resources is listed in Canada and in United States of America. Its market capitalisation is CA$ 10.6 millions as of today (US$ 7.7 millions, € 7.0 millions). Its stock quote reached its highest recent level on December 29, 2006 at CA$ 2.56, and its lowest recent point on December 29, 2015 at CA$ 0.05. Atna Resources has 212 090 000 shares outstanding. |