MUR murchison united nl

announcement out : mur alliance with areva

  1. 94 Posts.
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    Main points are:

    - MUR has entered into a cooperation agreement with Areva

    - Areva to acquire initial 5% stake in MUR through placement at A$0.135c per share

    - MUR to issue shares to a further 10% in consideration for access to it's extensive geological database on Mauritania and provision of technical services, equipment and personnel

    - Exploration to be fastracked at Bir En Nar and other Mauritania projects

    - Agreement to form JV on delination of minimum 60m lbs inferred JORC resource within two years.

    It's just resumed trading again now...



 
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