Anthem Resources Inc. (TSXV:VAE,OTCQX: VAERF), Virginia Energy Resources Inc. and Virginia Uranium Ltd. announced a new operating arrangement.

As quoted in the press release:

Under the Arrangement, the ownership structure of the Coles Hill uranium project has been simplified and consolidated under one entity, being Virginia Energy. The companies’ portfolio of exploration and development properties have now been divided between Anthem and Virginia Energy whereby Anthem focuses on exploration and Virginia Energy focuses on development.

Click here to read the Anthem Resources Inc. (TSXV:VAE) press release.