Magnum Uranium Acquires Significant San Raphael Data Package
August 22 2007 - 5:13PM
Marketwired Canada
Magnum Uranium Corp. ("Magnum" or the "Company") (TSX VENTURE:MM) is pleased to
announce the acquisition of a data package containing extensive information on
past exploration results pertaining to the Company's San Raphael Project located
in Emery County, Utah. The data package will allow Magnum to significantly
expedite the development of this project. Consideration to the non-arm's length
vendor comprises a cash payment of $50,000 and the issuance of 300,000 common
shares in quarterly increments of 75,000 shares each. A net smelter royalty
ranging from 0.5% to 2.0% has also been granted to the vendor on Magnum's
joint-venture interest in the project. The transaction is subject to approval by
the TSX Venture Exchange.
Magnum is a Vancouver-based minerals exploration company focused on the
acquisition and development of uranium assets in North America. Currently,
Magnum's primary property holdings are located in the Western United States,
specifically Wyoming, Utah, Idaho, and New Mexico, and in Canada's Athabasca
Basin.
ON BEHALF OF THE BOARD
Craig T. Lindsay, President & CEO
Magnum Uranium Com Npv (TSXV:MM)
Historical Stock Chart
From May 2024 to Jun 2024
Magnum Uranium Com Npv (TSXV:MM)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Magnum Uranium Com Npv (TSX Venture Exchange): 0 recent articles
More Magnum Uranium Corp. News Articles