Powertech Writes Off $2.3M Lost in Land Deal

Coloradoan.com reports on Powertech (TSX:PWE) recent land deal.

The market news is quoted as saying:

The British Columbia-based company had the option to purchase 3,585 acres from Howard and Donna Diehl of Carr and Thomas and Dianna Varra of Nunn for $11.45 million. Powertech chose not to purchase the land when the option agreement expired, shrinking the size of the Centennial Project by half and reducing the available uranium at the site by 1.1 million pounds.

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