Consolidated Uranium and Labrador Uranium Announce Closing of Spin-Out of Labrador Uranium

Toronto , ON February 22, 2022 – Consolidated Uranium Inc. (“ CUR ” or “ Consolidated Uranium ”) (TSXV: CUR) (OTCQB: CURUF) and Labrador Uranium Inc. (“LUR” or “Labrador Uranium” – https://www.commodity-tv.com/ondemand/companies/profil/consolidated-uranium-inc/ ) are pleased announce that the previously announced spin-out of Labrador Uranium through a plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”) has been completed. The Arrangement was effective at 12:01 a.m. (Toronto time) on February 22, 2022 (the “Record Date”).

Pursuant to the Arrangement, CUR transferred ownership of the Moran Lake Project in Labrador (the “Moran Lake Project”) to LUR in exchange for 16,000,000 common shares of LUR (the “LUR Shares”) and LUR has assumed the obligations of CUR pursuant to: (i) the original option agreement for the Moran Lake Project, to make certain future payments to the vendor (the “Vendor”) contingent upon the attainment of certain milestones tied to the spot price […]

Click here to view original web page at www.resource-capital.ch

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.