TORONTO, March 31 /CNW/ - NWT Uranium Corp. (TSXV: NWT; OTCBB: NWURF) (the "Corporation") the single largest shareholder of Niger Uranium Limited (AIM: URU) ("Niger") by its ownership of 34.06% of Niger, which in turn owns 15.06% of KALAHARI MINERALS PLC (KAH.L), ("Kalahari") noted today that it had previously entered into discussions with Rio Tinto PLC ("Rio") under a Confidentiality Agreement (CA) that was executed on February 9th, 2009 regarding its interest in Niger and Kalahari. While not able to disclose the details of these negotiations with Rio management, NWT terminated these discussions after concern with certain questionable acts by Rio management which were not in keeping with the spirit of the discussions. NWT further noted today's Press Release by Kalahari and believes that it is in the best interest of shareholders of Kalahari and Extract Resources Limited (EXT.AX) (EXT.TO) ("Extract") that both companies be auctioned to the highest bidder when the true potential of the Rossing South world class uranium deposit located adjacent to the Rossing Mine in Namibia is sufficiently defined.
EXT Price at posting:
$4.66 Sentiment: Hold Disclosure: Held
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