BLR black range minerals limited

Azarga Uranium continues to sell off its stake in WUC. From...

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    Azarga Uranium continues to sell off its stake in WUC.  From Azarga's March 31 financials, issued on May 13:

    As at March 31, 2016, the Company's ownership interest in Western Uranium was 3.4%. The Company acquired its ownership interest in Western Uranium through the Black Range Merger. The company accounts for its investment in Western Uranium as fair value through profit or loss ("FVTPL") and fair value changes are recorded through profit or loss. The Company continues to classify its investment in Western Uranium as held for sale.

    For the three months ended March 31, 2016, the Company sold 87,100 Western Uranium shares for proceeds of $107,958 and recognized a realized loss of $53,443. Subsequent to March 31, 2016, the Company sold 129,600 Western Uranium shares for proceeds of approximately $170,000.

    Page 15, Azarga Uranium Corp., CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS - March 31, 2016, (Expressed in U.S. Dollars), (Unaudited)
 
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Currently unlisted public company.

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