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Solex Enters Into a Definitive Agreement with Homeland Uranium
Apr. 05, 2010 09:03AM PST
Company NewsSolex Resources reports that it has entered into a definitive agreement with Homeland Uranium Inc. with regards to an asset sale and purchase transaction.
Pursuant to the definitive agreement, Solex will acquire from Homeland C$4.00 million in cash and 7,619,047 common shares of Macusani Yellowcake Inc. (“Macusani”). Solex will also have the right to purchase the shares issuable if Homeland […]
Solex Resources reports that it has entered into a definitive agreement with Homeland Uranium Inc. with regards to an asset sale and purchase transaction.
Pursuant to the definitive agreement, Solex will acquire from Homeland C$4.00 million in cash and 7,619,047 common shares of Macusani Yellowcake Inc. (“Macusani”). Solex will also have the right to purchase the shares issuable if Homeland exercises its warrants to purchase up to 4,571,428 Macusani shares (collectively, the “Homeland Assets”). As consideration for the Homeland Assets, Solex will issue to Homeland 81,654,442 common shares of Solex.
Nick Tintor, President and CEO of Homeland says:
“We are very pleased with our review of the Macusani properties and believe there is considerable underlying value for Homeland shareholders resulting from this transaction.”
For complete press release, click here.