Ucore and Landmark one step closer to Merger
(Halifax, N.S.) Ucore Uranium Inc. (TSX-V UCU) and Landmark Minerals Inc. (TSX-V LML) took a pivotal step Friday, August 10, to completing their much anticipated merger. Landmark’s shareholders have voted overwhelminglyin favour of the agreement which will see the two companies join forces.
“We’re excited by the prospect of joining the geological and human resources of these two companies to create an emerging leader in Canada’s junior uranium exploration sector,” said Jim MacKenzie, President and CEO of Ucore. “With in excess of 200,000 hectares of high propensity geology North America-wide, the newly combined entity is poised for substantial growth well beyond 2008.”
Friday’s vote means all of the outstanding common shares of Landmark will be exchanged for common shares of Ucore on the basis of 0.68 Ucore share for every one share of Landmark.
Closing is expected to occur on August 17, 2007.
For more information, contact
Jenn Gillespie Brian MacEachen, Director
Investor Relations Tel: (902) 422-1421
Tel: (902) 482-5214
Cel: (902) 441-4004
This press release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Corporation expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.
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