Strathmore & Bayswater agree to revise Pine-Tree Reno

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Wed, Dec 9, 2009
Uranium Company News
Post by Melissa Pistilli, Uranium Reporter

Strathmore Minerals Corp. reports agreement with Bayswater Uranium has been revised and agreed upon by all parties.

Strathmore shall retain a provision to regain control of the Joint Venture by acquiring 2% of NCA’s Option interest (for an aggregate 51% Option interest) for one dollar (US$1.00) payable in cash by Strathmore to NCA should NCA:

- 3(a) fail to complete the payment terms as described in 1(c);

- 3(b) fail to make the election to exercise the Alternative Option, and not complete the payment terms described in 1(c);

- 3(c) fail to earn a 75% interest in the Property as described in the Alternative Option; or

- 3(d) upon election to exercise the Alternative Option, fail to complete a work program on the Property for any consecutive twelve month period, during the period within which the Alternative Option may be exercised.

For full details of this press release, click this link.

Uranium Investing News researchers discovered Strathmore’s project described on their website.

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Comments on this Article

1 Trackbacks For This Post

  1. Strathmore & Bayswater agree to revise Pine-Tree Reno Creek agreement Tree Me Says:
    December 9th, 2009 at 12:06 pm

    [...] original here:  Strathmore & Bayswater agree to revise Pine-Tree Reno Creek agreement By admin | category: pine tree | tags: agreed-upon, bayswater, bayswater-uranium, [...]

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