Strateco Resources Inc SRSIF

Energy

Strateco Resources Inc. is a mining company. The Company is engaged in uranium exploration and development. The Company's Matoush project is located in the Otish Mountains of northern Quebec, approximately 275 kilometers north of Chibougamau and over 210 kilometers northeast of Mistissini. The Matoush project consists of the Matoush, Matoush Extension and Eclat properties, as well as the Pacific-Bay-Matoush property. The Matoush project comprises approximately 590 claims covering a total area of over 31,195 hectares. The Matoush property is located approximately 275 kilometers north of Chibougamau in the Otish Mountains of northern Quebec, Canada. The Eclat property is located in the Otish Mountains of northern Quebec, immediately south of the Matoush property. The Matoush Extension property is located north, west and east of the Matoush property in the Otish Mountains, in Northern Quebec. The Pacific-Bay Matoush Property is located in the Otish Mountains in northern Quebec.

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Strateco Resources Inc

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Post by modulexon Sep 12, 2015 10:46am

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STRATECO RESOURCES

MARXISTE - Just to let you know that i cannot comment on personal knowledges I have about the lawsuit, other than saying that a settlement will come through from current discussions between parties. I have been in touch with Quebec minister of Environment and others and was informed that talks are going to land in the right direction. Obviously I cannot predict the amount of compensation that shareholders will receive or if the Matoush project will go ahead, but the simple fact that directors have resigned from the company when it sought Court protection in June 2015 is not at first sight an indication that Strateco will continue operating on its own. The spin-off of "SeqUr" early this year, which granted shares to Strateco shareholders, may become the new company. Will the money adjudicated from the lawsuit settlement be redistributed to shareholders or will shareholders receive a separate compensation remains to be seen.

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