Uranium Energy Corp. (UEC) to Purchase South Texas Mining Venture
Uranium Energy Corp. was pleased to announce that it has entered into an agreement with URN Resources Inc., a subsidiary of Uranium One Inc., and an agreement in principle with Everest Exploration Inc., to collectively acquire a 100% ownership interest in the South Texas Mining Venture, L.L.P. (STMV), a Texas limited liability partnership. Uranium Energy has already entered into a Securities Purchase Agreement with South Texas Mining Venture. This purchase agreement will grant both Uranium Energy and URN Resources a 99% interest in South Texas Mining Venture’s common stock. Further, Uranium Energy Corporation has agreed to issue 2,500,000 shares of…