/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION
MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./
CALGARY, Jan. 29, 2020 /CNW/ - Uravan Minerals Inc. (TSXV:
UVN) ("Uravan" or the "Company") announces that the
letter of intent dated July 18, 2019
in respect of a proposed transaction between Uravan and Wellness
Scientific Inc. has been terminated in accordance with its terms as
a result of the proposed transaction not being completed within
certain specified time periods.
Uravan will continue to pursue and evaluate other businesses and
strategic opportunities and will make further announcements with
respect to these efforts as soon as practically possible.
Trading of the common shares of the Corporation is expected to
resume trading on TSX Venture Exchange (the "TSXV") subject
to regulatory approval, on or about January
31, 2020. When trading resumes, Uravan will begin
trading as a Tier 2 issuer on the TSXV.
Cautionary Statement
This press release may contain
forward looking statements including those describing Uravan's
plans and the expectations of management that a stated result or
condition will occur. Any statement addressing future events or
conditions necessarily involves inherent risk and uncertainty.
Actual results can differ materially from those anticipated by
management at the time of writing due to many factors, much of
which are beyond the control of Uravan and its management.
This news release contains forward-looking statements
pertaining. Readers are cautioned that the foregoing list of
risk factors should not be construed as exhaustive. These
statements speak only as of the date of this release or as of the
date specified in the documents accompanying this release. The
Corporation undertakes no obligation to publicly update or revise
any forward-looking statements except as expressly required by
applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Uravan Minerals Inc.