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Uranium Energy Closes Acquisition Of South Texas Mining Venture From Uranium One, Everest Exploration - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Uranium Energy Corp. (UEC) said that, effective on December 18, 2009, it has now closed its prior announced acquisition of a 100% ownership interest in the South Texas Mining Venture L.L.P. or "STMV" from each of URN Resources Inc. or "URN", a unit of Uranium One Inc., and Everest Exploration Inc.

Following the company's earlier announced Securities Purchase deal with URN, it has now acquired URN's 99% interest in STMV and has now issued 2.50 million restricted common shares of the company to URN.

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