Oak Island Tours Inc.
It was announced in April 2006 that partners from Michigan had purchased a 50% stake in Oak Island Tours Inc., for an undisclosed amount of money. The shares sold to the Michigan partners were previously owned by David Tobias; remaining shares are owned by Blankenship. Center Road Developments, in conjunction with Allan Kostrzewa, a member of the Michigan group, had purchased Lot 25 from David Tobias for a reported $230,000 one year previous to Tobias selling the rest of his share. The Michigan group, working with Blankenship, has said it will resume operations on Oak Island in the hope of discovering buried treasure and the mystery of Oak Island.
In July 2010, Blankenship and the other stakeholders in Oak Island Tours Inc. announced on their website that the Nova Scotia Department of Natural Resources/Tourism, Culture and Heritage had granted them a temporary Treasure Trove License, allowing them to resume activities until December 31, 2010. After December 2010, the department repealed the former Treasure Trove Act and replaced it with a new "Oak Island Act". The new Oak Island Treasure Act came into effect as of January 1, 2011 and allows for treasure hunting to continue on the island under the terms of a licence issued by the Minister of Natural Resources.
Read more about this topic: Oak Island, History of The Money Pit
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