Regal Resources Provides an Update on the Sunnyside Project, Arizona

Regal Resources (CNSX:RGR) reported that the United States District Court for the District of Arizona received applications from two environmental activist groups for an order to set aside the Company’s approval from the United States Forest Service for an operational plan for the Sunnyside Project. The Court has not yet provided a ruling on the matter. Although the operational plan has been approved, the United States Forest Service has imposed an annual seasonal drilling moratorium from from March 1 to September 30 for wildlife breeding season. If the ruling is not issued before September 30, it would be possible that the activist groups will seek an injunction to prevent Regal Resources from drilling.
As quoted in the press release:

In conjunction with the approval by the United States Forest Service (“USFS”) of the Company’s operational plan for the Project in April 2015 (the “Operational Plan”), the USFS imposed an annual seasonal drilling moratorium on the Project extending from March 1 to September 30 to ensure that the breeding season of certain species of wildlife is not disturbed.
Subsequent to the USFS’ approval of the Operational Plan, two environmental activist groups applied to the United States District Court for the District of Arizona (the “Court”) for an order to set aside such approval. Although the Company is confident that the USFS decision to approve the Operational Plan will be upheld and the Company will be permitted to commence drilling activities in accordance with the approved Operational Plan, the Court has not yet provided its ruling on the matter. If the ruling is not issued before the expiry of the moratorium on September 30, there is a possibility that the activist groups will seek an injunction to prevent the Company from undertaking any drilling activities on the Project pending delivery of the Court’s decision.

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