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Metals & Mining M&A image Metals & Mining M&A » By The Online Investor Staff, updated Thu., Jul. 2, 10:44 AM Recent mergers and acquisitions in the Metals & Mining M&A category.

Slide #97. European Uranium Resources Ltd. Portex Minerals Inc.

Acquirer: European Uranium Resources Ltd. (EUU.CA)
Acquiree: Portex Minerals Inc.
Details: European Uranium Resources Ltd. ("EUU") (TSXV: EUU) and Portex Minerals Inc. ("PAX") (CNSX: PAX) announce that they have entered into a binding Letter of Intent dated December 6, 2013 (the "Binding LOI") to merge (the "Merger") through a plan of arrangement under which EUU will acquire all of the outstanding common shares of PAX in exchange for EUU common shares. The merged company will be named European Minerals Inc. ("European Minerals" or the "merged company") and will be a Europe-focused company with a diverse, multi-commodity portfolio of exciting exploration and development projects.

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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Company Name: 
European Uranium Resources Ltd
Website: 
www.euresources.com
Sector: 
Metals & Mining
 

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