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Slide #80. European Uranium Resources Ltd. — Portex Minerals Inc.
European Uranium Resources Ltd. (EUU.CA)
Portex Minerals Inc.
European Uranium Resources Ltd. ("EUU") (TSXV: EUU) and Portex Minerals Inc. ("PAX") (CNSX: PAX) are pleased to announce that, as contemplated by the binding letter of intent announced on December 9, 2013, they have executed an arrangement agreement dated December 20, 2013 (the "Arrangement Agreement") in respect of the proposed merger (the "Merger") of EUU and PAX through a plan of arrangement under which EUU will acquire all of the outstanding common shares of PAX. Under the plan of arrangement, PAX shareholders will receive 0.6 of an EUU common share in exchange for each PAX common share. The Arrangement Agreement supersedes the previously announced binding letter of intent.
European Uranium Resources is engaged in the identification, acquisition, exploration and development of mineral resource projects in Europe. Co.'s principal uranium exploration properties are located in Slovakia.
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