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Bullboard - Stock Discussion Forum EUROPEAN URANIUM RESOURCES LTD V.EUU

"European Uranium Resources Ltd is engaged in the identification, acquisition, exploration and, if warranted, development of mineral resource projects. Its projects are Kuriskova Uranium Deposit and Novoveska Huta uranium deposit."

TSXV:EUU - Post Discussion

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Post by HORNDOG22 on Apr 14, 2014 8:36pm

Clarification

Are we part of all 4 or just the first one? 1. Forte will issue 854,875,000 fully paid ordinary shares with an approximate value of $7,000,000, which the Company intends to distribute on a pro-rata basis to the shareholders of Company; 2. Forte will issue 61,062,500 fully paid shares to Company, with an approximate value of $500,000; 3. Forte will pay the Company $1,000,000 on closing; and 4. Forte will grant Company a 1% production royalty over the Kuriskova and Novoveska Huta uranium licenses in perpetuity. Read more at https://www.stockhouse.com/news/press-releases/2014/04/04/european-uranium-resources-proposes-to-sell-slovak-uranium-projects#L0fhX5ruSqHgZpMS.99
Comment by wintersun10 on Apr 14, 2014 8:52pm
EUU is going to get all four points and they are going to pass point 1 on to the shareholders. so, if you now only own EUU, if you do nothing you will soon own both EUU and a few shares of the Forte.
Comment by lilswede on Apr 15, 2014 9:53am
questions??? will euu de-list or continue to trade after the transaction??? has anyone checked on how hard it will be to sell forte shares???? it doesn't look like forte shares are worth much... .008 cts a share roughly?????
Comment by HORNDOG22 on Apr 15, 2014 10:01am
I doubt they would delist, most likely a WEED company like everyone else now. Forte sounds like it could move. although cheap it is relative to what they are giving us, roughly .008.