Azincourt Uranium Assigns All Its Interests in Option to Acquire Forgold to Privco

 Azincourt Uranium Inc. (TSXV:AAZ) assigned all of its interests in an option to acquire the Forgold gold exploration property to an arm’s length private mineral exploration company (Privco), to keep with its focus on uranium exploration at the Patterson Lake North project.

As quoted in the press release:

…announces that, in keeping with its focus on uranium exploration at the Patterson Lake North project and in light of the moderate results from operations to date, it has assigned all of its interests in an option to acquire the Forgold gold exploration property (the “Forgold Property”) to an arm’s length private mineral exploration company (“Privco”) in consideration of Privco assuming all of Azincourt’s obligations under its option agreement, and the grant to Azincourt of a 2.0% net smelter returns royalty upon Privco earning an interest in the Forgold Property.

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