1. Most Discussed
  2. Gainers & Losers
  1. Members, Techs apologise for the loss of thread titles, and are currently working on restoring them. They will be back asap. Thank you
BLR 0.2¢

This Is End Game. Azarga are Agreeing In Principle.

  1. GREENWOOD VILLAGE, COLORADO, Jan 30, 2015 (Marketwired via COMTEX) -- AZARGA URANIUM CORP. (AZZ)(otc pink:pWURD)(frankfurt:p8AA) ("Azarga" or the "Company") notes that one of its investee companies, Black Range Minerals Limited ("Black Range"), has today received a takeover proposal from Western Uranium Corporation ("Western Uranium").
    Black Range is listed on the Australian Stock Exchange under the ticker BLR. Its primary assets are the Hansen/Taylor Ranch uranium project in Colorado and a 50% interest in a uranium ore processing technology venture, Ablation Technologies. With a current interest of 17.3%, Azarga is Black Range's largest shareholder.
    Based on the terms in Black Range's press release, the takeover proposal would value Azarga's shareholding in Black Range at approximately US$2.4 million. Azarga also has a loan extended to Black Range in the amount of approximately US$0.5 million (the "Azarga Loan"). As part of the proposed takeover, Western Uranium is providing Black Range with a loan facility, a portion of which will be used on closing to pay back half of the Azarga Loan.
    Azarga recognizes the potential benefits of a combination between Black Range and Western Uranium and is broadly supportive of the proposal. As a result, the Company will engage with both Western Uranium and Black Range to understand the terms of the proposal in more detail.
    About Azarga Uranium Corp.
    Azarga Uranium is a mineral development company that owns six uranium projects, deposits and prospects in the USA (South Dakota, Wyoming and Colorado) and Kyrgyzstan together with investment holdings in Anatolia Energy Limited (asx:AEK - 11%) and Black Range Minerals Limited (asx:BLR - 17%). The Dewey Burdock Project in South Dakota is the main initial development priority, which has received its final NRC License.
    For more information please visit www.azargauranium.com.
    Follow us on Twitter at @AzargaUranium.
    Richard F. Clement Jr.,

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.