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Article: E.G. Capital Inc. Provides Corporate Update.
- Article from:
- Marketwire Canada
- Article date:
- September 18, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MONTREAL, QUEBEC, Sep 18, 2009 (Marketwire via COMTEX) -- E.G. Capital Inc. ("EG" or the "Corporation") (NEX BOARD:EGC.H) today provided a corporate update regarding its activities.
Proposed Reactivation Transactions
In February 2008, the Corporation entered into a letter agreement with a private company called US Uranium Development Corp. ("UUDC"), pursuant to which the Corporation proposed to acquire certain uranium assets from UUDC (the "Acquisition"), with the intent that such Acquisition would be a reactivation transaction for the Corporation.
The Corporation spent the next five (5) months negotiating with representatives of UUDC with ...