Opawica Explorations Inc. Commences Action Against Xstrata Copper Canada ('Xstrata')

newsblaze.com     Jul 9, 2008            

VANCOUVER, BRITISH COLUMBIA - (Marketwire - July 9, 2008) - Opawica Explorations Inc. (TSX:OPW) ("Opawica" / the "Company") announces that it has commenced an action in the Ontario Superior Court of Justice against Xstrata Copper Canada to enforce Opawica' rights under the 1999 joint venture agreement between Opawica and Xstrata's predecessor, Falconbridge Limited, relating to the Chance property. Opawica also claims damages, legal costs and related relief. In February 2008, Opawica proposed a ten hole exploration program to Xstrata under the Chance joint venture agreement. Xstrata did not respond within the 60 day prescribed period in the joint venture agreement, with the result that Opawica is now entitled to act as operator of the joint venture. However, Xstrata has disputed Opawica's position and has refused to permit... [read full story]                    


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