Athabasca Nuclear Corporation: Corporate Update
10 Marzo 2014 - 10:00PM
Marketwired
Athabasca Nuclear Corporation: Corporate Update
CALGARY, ALBERTA--(Marketwired - Mar 10, 2014) - Athabasca
Nuclear Corporation (TSX-VENTURE:ASC) ("Athabasca Nuclear" or
"Corporation") reports that Barry Chappell has resigned from its
board of directors effective March 7, 2014 to pursue other
interests. Athabasca Nuclear expresses its appreciation for his
past involvement with the Corporation and extends well-wishes for
his go-forward ventures.
Athabasca Nuclear further reports that the Corporation intends
to issue 600,000 common share options to its board of directors at
an exercise price of $0.15 valid for a five-year term.
About Athabasca Nuclear Corporation
Athabasca Nuclear Corporation (TSX-VENTURE:ASC) is a junior
uranium exploration company focused on the exploration and
advancement of its significant uranium portfolio in Saskatchewan
including the Preston Lake, Patterson Lake East, Botham Lake, Parry
Lake, Martin River, Karras River and Spring uranium projects. For
more information on each of these projects, please visit
www.AthabascaNuclear.com.
Athabasca Nuclear is the Operator of the Western Athabasca
Syndicate, a group exploration effort of a 287,130 hectare (709,513
acre) package of uranium properties which is the largest land
position along the highly prospective margin of the Western
Athabasca Basin controlled by a single group (the "Preston Lake
Project"). Under the terms of the agreement, each of the member
companies have an option to earn 25% of the five uranium properties
comprising the Western Athabasca Syndicate Partnership by making a
series of cash payments, share payments and incurring their
pro-rata amount of the total $6,000,000 in exploration expenditures
over the two-year earn-in term of the agreement. The properties
were acquired for their proximity to the Patterson Lake South
discovery and interpreted favorable geology for the occurrence of
Patterson Lake South-style uranium mineralization. The bulk of the
syndicate land package is bisected by all-weather Highway 955 which
runs north through the Patterson Lake South discovery to the former
Cluff Lake uranium mine.
Signed,
Ryan Kalt, Chief Executive Officer (Interim)
Forward-Looking
Statements
This news release may contain forward-looking statements.
Forward-looking statements address future events and conditions and
therefore, involve inherent risks and uncertainties. Actual results
may differ materially from those currently expected or forecast in
such statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Athabasca Nuclear CorporationRyan Kalt, LL.M., M.B.A.Chairman
and Acting
CEO403-470-3265ryan.kalt@athabascanuclear.comwww.AthabascaNuclear.com
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