Pacific Booker Minerals, Inc. Announces Settlement of Mineral Claim Suit
April 20 2009 - 4:20PM
PR Newswire (US)
VANCOUVER, British Columbia, April 20 /PRNewswire-FirstCall/ --
Pacific Booker Minerals, Inc. (NYSE Amex: PBM), (CDNX:BKM.V) has
reached a settlement with certain optionors of mineral claims in
the Hearne Hill area, which adjoins the Morrison property, who
commenced an action against the Company in the British Columbia
Supreme Court in April 2006. Pursuant to the settlement, Pacific
Booker Minerals, Inc. will retain the right, title and interest in
and to all claims that were the subject of the action, with the
exception of Mineral Tenure No. 242812 (the "Hearne 1 Claim") and
Mineral Tenure No. 242813 (the "Hearne 2 Claim"), which has been
transferred to the plaintiff optionors as follows: (a) a one-half
interest in each of the Hearne 1 Claim and the Hearne 2 Claim has
been transferred to David Chapman; (b) a one-quarter interest in
each of the Hearne 1 Claim and the Hearne 2 Claim has been
transferred to Frederick Bland; and (c) a one-quarter interest in
each of the Hearne 1 Claim and the Hearne 2 Claim has been
transferred to Karen Dionne. Pursuant to the settlement, no cash
payment was made to the plaintiffs and all claims in the action
have been dismissed. Pacific Booker Minerals, Inc. explored the
Hearne Hill property between May 1993 and October 1997 and little
mineralization of economic significance was determined to be
present. To view information regarding Pacific Booker Minerals,
Inc., please visit our website home page and reports section at
http://www.pacificbooker.com/. Contact: Gregory Anderson, Director,
CEO and President 1-800-747-9911 1-800-234-3680 DATASOURCE: Pacific
Booker Minerals, Inc. CONTACT: Gregory Anderson, Director, CEO and
President of Pacific Booker Minerals, Inc., 1-800-747-9911, or
1-800-234-3680 Web Site: http://www.pacificbooker.com/
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