European Uranium – Resumes Trading
March 27 2015 - 6:00AM
Business Wire
European Uranium Resources Ltd. ("EUU" or the
“Company”) (TSXV: EUU) advises that the Company’s shares are
to resume trading at the opening of the market on Friday, March 27,
2015.
As announced on March 2, 2015, the Company has signed, on
February 27, 2015, a purchase and sale agreement with Miranda Gold
Corp. (“Miranda”) to purchase a 100% interest in Miranda’s Mustang,
Iron Point, and Kibby Flat projects, and the assignment and
assumption of Miranda’s mining lease on the Red Hill project, all
located in Nevada.
To support the application for approval with the Exchange, the
Company has commissioned an independently prepared Geological
Report on the Mustang project. It is expected that this report will
recommend a first phase drill program at the Mustang project with
an estimated budget of US$150,000. This Geological Report will be
filed on SEDAR shortly.
The parties’ obligations to complete the transactions remain
subject to Exchange approval of all elements of these transactions
on terms acceptable to the parties, and settlement of formal
documentation: the closing of all of the transactions is each
conditional on the closing of the other.
About European Uranium Resources Ltd.
With the pending acquisition of gold exploration properties from
Miranda, the Company will be diversifying both geographically,
Slovakia and Nevada and by commodity uranium and gold. On August
29, 2014, the Company signed an agreement with Forte Energy NL to
allow Forte to earn a 50% interest in the Company’s Ludovika Energy
and Ludovika Mining, which hold the mineral licenses comprising the
Kuriskova and Novoveska Huta uranium projects. To retain its 50%
interest, Forte must sole fund a minimum of $350,000 a year on the
Ludovika entities over the next ten years with the first year’s
expenditure of $350,000 being an obligation.
EUROPEAN URANIUM RESOURCES LTD.
"Dusty Nicol"
Dorian L. (Dusty) Nicol, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Statement:
This news release contains forward-looking statements that are
based on the Corporation's current expectations and estimates.
Forward-looking statements are frequently characterized by words
such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate", "suggest", "indicate" and other similar
words or statements that certain events or conditions "may" or
"will" occur. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that could cause
actual events or results to differ materially from estimated or
anticipated events or results implied or expressed in such
forward-looking statements. Such factors include, among others: the
actual results of current exploration activities; conclusions of
economic evaluations; changes in project parameters as plans to
continue to be refined; possible variations in ore grade or
recovery rates; accidents, labour disputes and other risks of the
mining industry; delays in obtaining governmental approvals or
financing; and fluctuations in metal prices. There may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. Any forward-looking statement
speaks only as of the date on which it is made and, except as may
be required by applicable securities laws, the Corporation
disclaims any intent or obligation to update any forward-looking
statement, whether as a result of new information, future events or
results or otherwise. Forward-looking statements are not guarantees
of future performance and accordingly undue reliance should not be
put on such statements due to the inherent uncertainty therein.
European Uranium ResourcesDorian (Dusty) Nicol, (604)
536-2711www.euresources.com
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