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European Uranium Announces Termination of Partnership with Forte Energy
Oct. 02, 2015 04:15PM PST
Company NewsEuropean Uranium Resources (TSXV:EUU) announced that its partnership agreement with Forte Energy NL has been terminated. Forte has now voluntarily forfeited its 50 percent beneficial interest in Ludovika Energy and in Ludovika Mining to European Uranium and has no outstanding obligations under the agreement.
European Uranium Resources (TSXV:EUU) announced that its partnership agreement with Forte Energy NL has been terminated. Forte has now voluntarily forfeited its 50 percent beneficial interest in Ludovika Energy and in Ludovika Mining to European Uranium and has no outstanding obligations under the agreement.
As quoted in the press release:
European Uranium Resources Ltd. (“EUU” or the “Company”) (TSXV: EUU) reports that the July 31, 2014, partnership agreement between the Company and Forte Energy NL has been terminated and Forte has voluntarily forfeited its 50% beneficial interest in Ludovika Energy s.r.o and in Ludovika Mining s.r.o. to the Company. Forte has no outstanding obligations under the agreement.
Click here to read the full European Uranium Resources (TSXV:EUU) press release.