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Azincourt Uranium Inc completes acquisition of Minergia from Vena Resources Inc and Cameco Global Exploration Ltd


Thursday, 16 Jan 2014 02:00am EST 

Azincourt Uranium Inc:Refers to the announcement made on Nov. 22, 2013.Says it has completed the acquisition of 100 pct of the issued shares of Minergia S.A.C. (Minergia) a private Peruvian company (the Acquisition) from Vena Resources Inc. (Vena) and Cameco Global Exploration Ltd. (Cameco).Says it has purchased 100 pct of Minergia from Cameco and Vena for total consideration of C$2 mln in cash and Azincourt shares.Says under the terms of the separate share purchase agreements, the company acquired each of Cameco's and Vena's 50 pct of the issued capital of Minergia in consideration of C$1,000,000 paid to each of Cameco and Vena.Says the consideration of C$1,000,000 paid to each of Cameco and Vena comprised of the issue of 2,525,252 common shares and the payment of C$250,000 in cash. 

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18 Dec 2014