News Leader News for February 27, 2007
COMPLIANCE SELLS CMMC SHARES
Compliance Energy Corporation ('Compliance' or the 'Company') announced on February 20 that it had sold 1.25 million common shares of Copper Mountain Mining Corporation ('CMMC'), which it was holding for investments purposes, for $1.25 million.
CMMC is a private BC resource company that owns 100 per cent of Similco Mines Ltd. which holds the mineral claims and crown grants over the 18,000 acre former Similco Copper Mine site.
Additional information is available on CMMC's website at www.CuMtn.com.
After the sale, Compliance's remaining ownership in CMMC is 2.75 million shares or approximately 20 per cent. CMMC has now staffed an exploration crew and has two diamond drills working on an initial 21,000 meter drilling program.
The exploration program is designed to confirm and expand upon the reported historical copper resource at the Similco Mine Site. Exploration drilling commenced in the third week of January and is expected to be completed mid way through the second quarter.
Compliance Energy Corporation's shares trade on the TSX Venture Exchange under the symbol CEC and investor information is available on the Company's web page at www.complianceenergy.com.
LALI SPEAKS UP FOR YALE-LILLOOET
The failure of Gordon Campbell and the B.C. Liberal government to acknowledge the challenges faced by rural British Columbians demonstrates the government's complete disregard for the citizens of Yale-Lillooet, MLA Harry Lali said in his official response to the Throne Speech.
"The people of British Columbia, especially my constituents, are a lot smarter than the Liberals are trying to give them credit for," said Lali in the Legislature.
Lali used the opportunity to highlight the hypocrisy of the B.C. Liberal government's focus on climate change in the Throne Speech.
"This is the same government that wanted to put in dirty coal-fired plants in British Columbia, in Tumbler Ridge and in my constituency of Princeton, and now they're talking about global warming," said Lali.
The Liberal government's failure to sustain the transportation infrastructure in rural B.C. is evidenced by the dangerous conditions Highways 12 and 40. Lali noted that, "We see billions of billions of dollars that are going to be poured into the lower mainland over the next ten years ... But what have they really done for rural British Columbia? Well, they've cut the heart out of the heartlands. It is only when this opposition raises the issues that they're actually willing to put some money in there," continued Lali.
"The situation is repeated all over rural British Columbia, because we can't get any action from this government, whether it's the Summers Creek Road, also known as the Missezula Lake road, near Princeton, or Highway 12 between Lytton and Lillooet. Merritt to Princeton - finally, after two years of me harping against the Liberal government, they're finally putting some money into there to try to fix it. We've seen a disaster in terms of the highway's maintenance under this Liberal government."
Despite promises to the contrary, the B.C. Liberal government has let down the aboriginal community in rural B.C., noted Lali.
"When I talk to the chiefs and councils and the aboriginal people in my constituency, they're saying that there may be economic prosperity going on in British Columbia but that they are not getting they fair share of the economic pie."
Lali's focus on the rights of his constituents sends a clear message that he and other members of the New Democrat Official Opposition will continue to fight for the rights of rural British Columbians at the Legislature, which is scheduled to continue sitting until the end of May.
AIRPORT LOOKS FOR WATER
Residents of the airport area have approached Town Council to ask whether the Town could supply water to their properties.Three of the residents, Jenni Reid, Dave Smith and Marie Anne Roche, attended the February 19 Town Council meeting to hear Council's answer.
Council told the airport residents that there are a number of options to consider, and there are no fast answers.
Residents were invited to arrange a meeting with Council to discuss the options.
COUNCIL OKAYS PEACH PARADE
Town Council has agreed to participate in the Penticton Peach Festival parade on Saturday, August 11. Those members of Council who are available at that time will take part. Pitch-In in AprilPrinceton is a member of Pitch-In Canada, and will encourage local residents to clean up our community during Pitch-In Week April 23 to 29. Look for ideas on the Pitch-In Canada website. If any group has a plan for beautification or a clean-up project, talk to Town Council about your plans. Green building code?
Town Council is giving serious consideration to adopting "green" methods into a new building code. One of these might be the low-flush toilet as part of a water conservation measure. Council supports Mind Grind
Town Council will contribute $200 toward the annual Environmental Mind Grind, a project of the Regional District of Okanagan Similkameen (RDOS). Princeton's middle school students have won the championship for several years.
Council has received no indication there is a Princeton team this year, but will support the contest anyway.
