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Prism Resources Inc.: Ontario Superior Court of Justice Confirms Validity of Prism Resources' 7.5% NPI Royalty in Land Owned by Kirkland Lake Gold Subsidiary, Detour Gold (Detour)


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Vancouver, British Columbia (Newsfile Corp. - April 6, 2021) - Prism Resources Inc. (TSXV: PRS) (The Company ) reports that the Ontario Superior Court of Justice ruled on April 1, 2021 that the Company s 7.5% Net Profit Interest in Detour s Aurora claims block and Sunday Lake claims block (the Royalty ) constitutes an interest in property held by the Company and is enforceable as against Detour. The Court also awarded costs in favour of the Company.
The Company had announced on April 30, 2019 that it had filed a Statement of Claim against Detour. In its claim, the Company sought, among other things, a declaratory judgment that the Royalty is a valid charge and is as against Detour. ....

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