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by Mike Caswell
Pacific Booker Minerals Inc., the Vancouver company developing the Morrison copper-gold property in central British Columbia, is facing a $191,997 lawsuit from Rescan Environmental Services Ltd., an environmental consultant. Rescan claims that it has been billing Pacific Booker for 10 months without receiving any payment. The suit seeks a court order enforcing payment of 10 invoices.
Rescan filed a notice of civil claim against Pacific Booker on Aug. 23, 2010, in the Supreme Court of British Columbia. According to the claim, Pacific Booker hired Rescan in May, 2006, to perform the environmental assessment on the Morrison property, with a view to the project becoming a mine. This included all the work typically required by federal and provincial regulators, such as examining the effects of the project on fish, Indians, soil and the atmosphere.
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The company does seem to have the cash (or it did as of the date of its last financials). Interestingly, those same financials show that the company paid $97,444 in the three-month period to related parties for investor relations, consulting services, etc., and it expensed another $272,204 by way of stock-based compensation for wages and various fees.
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