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Global Uranium enters into an option and joint venture agreement
Apr. 16, 2010 09:20AM PST
Company NewsGlobal Uranium Corporation reports it entered into an option and joint venture agreement with Concentric Energy Corp.
Under the terms of the Agreement, Global can acquire a 70% interest in earned increments over a six (6) year period by paying US$80,000 on signing, issuing 11,300,000 shares incrementally over a 6 year period and by spending no less […]
Global Uranium Corporation reports it entered into an option and joint venture agreement with Concentric Energy Corp.
Under the terms of the Agreement, Global can acquire a 70% interest in earned increments over a six (6) year period by paying US$80,000 on signing, issuing 11,300,000 shares incrementally over a 6 year period and by spending no less than US$2,000,000 on exploration work on the Anderson Property on or before the 5th anniversary of the Effective Date of the Agreement.
1,200,000 shares are due to be issued to Concentric on the Effective Date of the Agreement and a minimum amount of US$200,000 is required to be spent on the Anderson Property in the first year.