Forte Energy deal values European Uraniums asset at $8.5...

Forte Energy deal values European Uraniums asset at $8.5 million!!

Now what's WHE current market cap?

$6.5 million!

$4m Linc Energy stake and $2.5m for Europe's largest uranium asset!

Currently trading way below fundamental value
Blood in the streets opportunity



European Uranium Signs Share Purchase Agreement to Sell Uranium Projects
Friday May 9, 2014

European Uranium Resources announced that it has signed a share purchase agreement (SPA).

The SPA is regarding the sale of European Uranium’s only remaining mineral projects, Kuriskova and Novoveska Huta, to Forte Energy

As quoted in the press release:

[European Uranium] intends to investigate mineral projects to option or acquire in multiple commodities in the general European area. On completing this transaction, the Corporation will have its initial funding to implement its business plan.

The terms of the agreement require that:

Forte will issue 915,937,500 fully paid ordinary shares (the “Consideration Shares”), which on April 4, 2014, had an approximate value of $7,500,000;
Forte will pay the Corporation $1,000,000 on closing; and
Forte will grant Corporation a 1% production royalty over the Kuriskova and Novoveska Huta uranium licenses in perpetuity.