Boliden Restrained from Selling Its Interest in Wolverine.VANCOUVER, British Columbia--(BUSINESS WIRE)--July 2, 1998--Atna Resources Ltd. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ATNAF)(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :ATN ATN Acute tubular necrosis, see there ) announces that further to the company's news release of June 24, 1998, British Columbia Supreme Court Justice Lowry has granted an interim injunction preventing Boliden Westmin Limited from selling their 60% interest in the Wolverine wolverine or glutton, largest member of the weasel family, Gulo gulo, found in the northern parts of North America and Eurasia, usually in high mountains near the timberline or in tundra. Property to Expatriate Resources Ltd. In granting the injunction, Justice Lowry concluded that Atna demonstrated that there is a serious question to be tried, that Atna would suffer irreparable harm if the application were denied, and that the balance of convenience rests in Atna's favor. Atna will be seeking a summary judgment to resolve the matter of: 1) A declaration that the Boliden Westmin (Boliden) offer to sell its 60% interest in the Wolverine Property to Expatriate Resources Ltd. for 4.8 million shares constitutes an offer to sell under "Right of First Refusal Right of First Refusal In general, the right of a person or company to purchase something before the offering is made available to others. Notes: For example, a football team may have the right of first refusal on a player's contract. " clauses of the Atna/Boliden Wolverine Joint Venture Agreement. 2) An Order that Boliden provide Atna with Boliden's estimate of the cash equivalent of 4.8 million shares of Expatriate so that Atna can exercise its right to purchase the 60% interest in the Wolverine Property from Boliden. The substance of Atna's claim is to require Boliden to comply with the terms of the Joint Venture Agreement. Upon the exercise of its right of first refusal, Atna will own 100% interest in the Wolverine Property and intends to actively continue exploration and development of the Property. (Signed) "Peter DeLancey" President CONTACT: Atna Resources Ltd. Peter DeLancey, President Michael Williams, Investor Relations Investor relations The process by which the corporation communicates with its investors. 604/684-2285 Fax: 604/684-8887 atna@atna.com http://www.atna.com |
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