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North Shore Uranium Ltd NSU


Primary Symbol: V.NSU

North Shore Uranium Ltd., formerly Clover Leaf Capital Corp. is a Canada-based company, which is engaged in the exploration for uranium deposits at the eastern margin of Saskatchewan’s Athabasca Basin. The Company conducts its exploration programs on its two properties, the Falcon Property and the West Bear Property, and is evaluating opportunities to increase its portfolio of properties in the region. The Company has the option to acquire a 100% undivided interest in 11 claims that form approximately 77% of the Falcon Property.


TSXV:NSU - Post by User

Bullboard Posts
Post by 13rvdon Apr 07, 2011 12:27pm
335 Views
Post# 18399446

Eritrea als owes 33% of capital costs

Eritrea als owes 33% of capital costsFrom 2007 press release "In addition to the project purchase price, the Government will fund its pro-rata 33.3% share of capital expenditure for the Project (33.3% equals 30/90ths of contributing interests)."


Cost was around $250-260 million so on top of the contibuting 30% interest Eteria owes around $80 million for their share of the capital costs.  Dividend coming soon.
Bullboard Posts