Has this been resolved? Approved? Or is $4.1M bond due?
The Company is working toward meeting condition B.3. (a) of this permit, which provides that, “if the work and plans required have been completed to the satisfaction of the Chief Inspector by December 15, 2012, the Permittee will not be required to post the additional security installment in the amount of Four Million One Hundred and Forty Thousand dollars ($4,140,000.00) that would otherwise be due on that date.” Condition B.3 (a) also requires the Company to carry out all the recommendations of the Klohn Crippen report entitled “Tailings Dam Seepage Assessment”. Please refer to News Release 12-24 for further details on the progress of this work which can be viewed at our website or on SEDAR www.sedar.com.