Azincourt Uranium Inc. (TSXV:AAZ)(FRANKFURT:A0U) and Macusani Yellowcake Inc. (TSXV:YEL,FWB:QG1) have agreed to extend their non-binding letter of intent to June 15, 2014, further to a joint news release from April 17, This extension will allow both parties to settle the form of definitive agreement for the transaction and conclude their ongoing due diligence investigations. All other terms of the letter of intent remain unchanged.
As quoted in the press release:
Macusani Yellowcake Inc. is a Canadian uranium exploration and development company focused on the exploration of its properties on the Macusani Plateau in southeastern Peru. The company owns a 99.5% interest in concessions that cover over 90,000 hectares (900 km2) and are situated near significant infrastructure.