SeqUr Withdraws From the Jasper Lake Agreement With Denison
(firmenpresse) - BOUCHERVILLE, QUEBEC -- (Marketwired) -- 02/27/15 -- SeqUr Exploration Inc. ("SeqUr") announced today that it has had to withdraw from its option agreement with Denison Mines Corp. ("Denison"), due to difficult market conditions.
The Jasper Lake project was originally signed in December 2013 and was renegotiated in December 2014, in part to allow SeqUr to extend the exploration expenditure commitments over an additional year and postpone the cash payments by a year.
SeqUr is currently reviewing its options and is in the process of identifying other promising properties and list the company on a stock market as quickly as possible.
Change to the Board of Directors
SeqUr also announced that Charles Riopel has resigned from the Company's Board of Directors. Mr. Riopel sat on the board as a representative of the Sentient Group ("Sentient"). Sentient sold its majority stake in the Company to Toro Energy Limited, an Australian uranium company, on October 31, 2014. Management wishes to thank Mr. Riopel for all the services he rendered to the Company.
This news release contains "forward-looking statements" by SeqUr subject to certain risks and uncertainties. There can be no assurance that these statements will prove to be correct. Actual results and future events could differ significantly from those implied by such statements. This news release and SeqUr's other public documents are available on SEDAR at .
Contacts:
SeqUr Exploration Inc.
Jonathan Lafontaine
President
514.946.0650
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 27.02.2015 - 21:00 Uhr
Sprache: Deutsch
News-ID 374966
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contact information:
Town:
BOUCHERVILLE, QUEBEC
Kategorie:
Mining & Metals
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