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Millions Invested and Nothing to Show for It – That’s Just the Nature of Option Agreements

Posted in Mining

Overview

The Ontario Court of Appeal in 798839 Ontario Limited v. Platt, 2016 ONCA 488, recently affirmed a trial judge’s decision that saw an optionholder that invested millions into the development of mining claims be left with zero interest in those claims.  The optionholder failed to meet all of the necessary preconditions to be able to exercise its option, and was left without any interest to show for it.  What seems like an unjust outcome is just the nature of options, according to the Court of Appeal.… Continue Reading