Mark Jarvis, CEO of Shoal Point Energy Ltd. (CSE: SHP) ("Shoal Point" or "the Company"), announced that the Company has filed a Statement of Claim in the Supreme Court of Newfoundland and Labrador against His Majesty the King in Right of Newfoundland and Labrador (Newfoundland). The claim seeks damages of at least $483,000,000.00 against Newfoundland for de facto expropriating and constructively taking the Company's interest in certain exploration lands, among other claims.
Shoal Point is being represented by Randall Block, K.C., and Andrew Pozzobon from the Calgary office of Borden Ladner Gervais LLP (BLG).
