Market Report -- In Play (UEC)
November 12, 2009 7:04 AM ET
Uranium Energy grants option to Neutron Energy to acquire the company's interest in the Cebolleta Uranium project in New Mexico for $11 million The co announces that the Company has entered into an option agreement with Neutron Energy, granting Neutron the exclusive option to purchase the Company's 49%-interest in Cibola Resources 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 the written notice of exercise by the end of this year, the Option shall terminate and the Option Agreement shall be of no further force or effect.
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