Deep Yellow In Talks To End Earn-Out

Mineweb reported  Deep Yellow Limited (ASX:DYL) announced it is in discussions with Raptor Partners Limited  for the termination of earn-out rights incorporated in an October 2006 merger.

As quoted in the market news:

The 2006 Agreement enabled Deep Yellow to obtain 100% ownership of the four Exclusive Prospecting Licences (“EPL’s”) in Namibia which contain all of the Company’s advanced stage projects, including the flagship Omahola Project and the Tubas TRS Project.  The total current JORC compliant resource base in Namibia is 101.4 million pounds of U3O8.

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