Uranium Energy Corp to purchase South Texas Mining
Wed, Oct 14, 2009
Uranium Energy Corp. reports it has entered into an agreement with URN Resources Inc. to acquire a 100% ownership interest in the South Texas Mining Venture, L.L.P.
The Company has entered into a Securities Purchase Agreement (the “Agreement”) with URN to acquire all of its 99% interest in STMV (the “Acquisition”). Under the terms of the Agreement the Company agreed to issue 2,500,000 shares of common stock of the Company to make the Acquisition. The closing of the Acquisition is subject to a number of conditions including, among other things, the receipt by both parties of certain consents and releases at closing.
For full details of this press release, click this link.
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Tags: L.L.P., price of uranium, South Texas Mining Venture, UEC, Uranium Energy Corp., uranium industry, uranium price, uranium sector, URN Resources Inc.
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