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Article: Uranium Energy Corp Grants Option to Neutron Energy to Acquire the Company's Interest in the Cebolleta Uranium Project in New Mexico for $11 Million.
- Article from:
- PR Newswire
- Article date:
- November 12, 2009
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NYSE Amex Equities Exchange Symbol - UEC
AUSTIN, TX, Nov. 12 /PRNewswire-FirstCall/ -- Uranium Energy Corp (NYSE-AMEX: UEC, "the Company") announces that the Company has entered into an option agreement (the "Option Agreement") with Neutron Energy, Inc. ("Neutron"), a Nevada corporation, granting Neutron the exclusive option (the "Option") to purchase the Company's 49%-interest in Cibola Resources LLC ("Cibola") for a cash payment of US$11,000,000. 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. If Neutron does not provide the Company with ...