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Anatolia Energy Ltd Acquires 26.1% I Joint Venture Partner Vetter Uranium Ltd From Aldridge Minerals Inc.


Sunday, 18 Nov 2012 04:30pm EST 

Anatolia Energy Ltd announced that the Company has acquired 26.1% of its joint venture partner Vetter Uranium Ltd (Vetter) from TSX listed Aldridge Minerals Inc. (Aldridge) for CAD 250,000. With the acquisition of Aldridge's shareholding in Vetter, Anatolia has now restructured and simplified the ownership of the incorporated joint venture company, Anatolia Uranium Pty Ltd (AUL). This restructuring ensures that the Company now has a direct and indirect stake representing an effective 52% interest in the joint venture (a 35% direct interest and a 26.1% interest in Vetter (which in turns has a 65% direct interest in the joint venture). Furthermore, Aldridge has agreed to sell its remaining equity stake of 6.4% in Anatolia consisting of 10,000,204 shares at A$0.05 per share. 

Company Quote

0.285
-0.01 -3.39%
21 May 2013