(RTTNews) - Uranium Energy Corp. (UEC:
News ) announced that it has entered into an option agreement with Neutron Energy Inc., granting Neutron the exclusive option to purchase the company's 49%-interest in Cibola Resources LLC for a cash payment of US$11 million. Cibola is owned 49% by the company and 51% by Neutron.
In order to exercise its option, Neutron must give the company written notice of its intention to exercise the option by December 31, 2009, and to pay by January 10, 2010.
Click here to receive FREE breaking news email alerts for URANIUM ENERGY CORP and others in your portfolio
by RTT Staff Writer
For comments and feedback: contact editorial@rttnews.com