Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en
Vena Enters Agreement to Sell Uranium Assets to Azincourt Uranium
Published : November 22, 2013
( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Canada | Cuba | Facebook | Uranium |

Vena Enters Agreement to Sell Uranium Assets to Azincourt Uranium

TORONTO, Nov. 22, 2013 /CNW/ - Vena Resources Inc. (the "Company" or "Vena") (TSX: VEM) (Peru: VEM) (Germany: V1RA) (USA: VNARF) announces that it has entered into a share purchase agreement with Azincourt Uranium Inc. (TSXV: AAZ) ("Azincourt") to sell the Company's 50% equity interest in Minergia S.A.C. ("Minergia"), a joint venture company owned by the Company and Cameco Global Exploration Ltd. ("CGE"), which owns and operates the Macusani and Muñani uranium projects in the Puno department of southeastern Peru.

Under the terms of the share purchase agreement, Azincourt will acquire Vena's 50% ownership in Minergia in exchange for a total consideration of $1,000,000, of which $750,000 will be payable in 2,525,252 common shares (the "Payment Shares") in the capital of Azincourt which number of common shares was determined based on the volume weighted average trading price of such common shares for the 10 days immediately prior to signing of the share purchase agreement, and $250,000 in cash on closing.

The closing of the purchase and sale transaction under the share purchase agreement is subject to a number of conditions, including the termination of its joint venture with Cameco Corporation and CGE and various related agreements with respect to Minergia, and the contemporaneous sale by CGE of its 50% interest in Minergia to Azincourt. The share purchase agreement also provides that Juan Vegarra, Vena's Chairman and CEO will be appointed as a director of Azincourt.

In a related transaction, CGE granted to the Company the right to purchase 100% of the common shares in the capital of Azincourt that it will receive as consideration for the sale of its interest in Minergia to Azincourt for a period of five months post the closing date at a price equal to the purchase price plus an amount equal to 50% of the positive amount, if any, by which the market price exceeds the purchase price.

Vena will continue to operate the Macusani and Muñani uranium projects in Peru under the tutelage of Ted O'Connor. Azincourt has agreed to invest between $1.5 and $2.0 million in the projects annually.

Under the share purchase agreement, Vena agreed to a voluntary resale restriction, whereby none of the Payment Shares may be traded during the first 12 months following the date of issuance and, from such time, the Payment Shares become freely tradeable as to 15% on that 12 month date, an additional 15% on each of the 15th, 18th, 21st and 24th months, and the remaining 25% on the 27th month following the date of issuance.

Juan Vegarra, Vena's Chairman and CEO stated, "The divestment of Minergia is part of our strategy to spin off our uranium assets and combine them with other assets in other countries with significant upside. We are very pleased and fortunate to have made this deal with Azincourt, a company that is headed by Ted O'Connor, an individual with 19 years experience in the uranium business and the former Director of Cameco's Corporate Development Group who was responsible for overseeing Cameco's significant investment in Minergia.  Ted and his management are very well regarded in the uranium industry and they have built a significant portfolio of exciting uranium assets in anticipation of a turnaround in the uranium market.  Vena believes that its stake in Azincourt will result in significant upside to Vena shareholders in the coming years."

Azincourt is a uranium exploration company that has been focused on exploration of the Patterson Lake (PLN) property, located in Canada's Athabasca Basin, in partnership with Fission Uranium Corp (TSXV: FCU).  Azincourt's management and board have a strong track record of success. In addition to Ted O'Connor, the board of directors also includes Ian Stalker, former CEO of UraMin, a company that was acquired by the Areva Group for US$2.5 billion in 2007 and Dev Randhawa, founder of Strathmore Minerals Corp., a company that spun out its Canadian uranium assets to form Fission Energy Corp., and which was recently acquired by Energy Fuels.

In other news, the Company would also like to extend its gratitude for the significant contribution made to Vena over the last several years by David Bent who recently resigned.  Silvia Dedios has assumed the responsibilities of General Manager, Peru operations and Walter Cuba, a geologist with nine years of experience focused on the Company's day to day uranium exploration activities will assume the responsibilities of uranium project manager and will work closely with Ted O'Connor, CEO and President of Azincourt, to continue the development of Minergia's uranium assets.

Forward-Looking Statements:
This press release contains forward-looking statements. More particularly, this press release contains statements that include, but are not limited to, the sale of the Vena's 50% interest in Minergia S.A.C. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe",  anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. The forward-looking statements are based on certain key expectations and assumptions made by Vena.  Although Vena believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Vena can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. In addition to other risks that may affect the forward-looking statements in this press release are those set out in Vena's management discussion and analysis of the financial condition and results of operations for the three and nine month periods ended September 30, 2013 and its annual information form for the year ended December 31, 2012, which are available at www.sedar.com.  The forward-looking statements contained in this press release are made as of the date hereof and Vena undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

SOURCE Vena Resources Inc.

For further information:

For further information on Vena Resources, please visit the Company website at www.venaresources.com, its Facebook page or contact: Juan Vegarra - Chairman & CEO - (416) 364-7739, ext. 120 or jvegarra@venaresources.com.

Données et statistiques pour les pays mentionnés : Canada | Cuba | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Cuba | Tous

Vena Resources Inc.

PRODUCTEUR
CODE : VEM.V
ISIN : CA9225893044
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Vena Res. est une société de production minière de zinc basée au Canada.

Vena Res. est productrice de zinc, de manganese au Perou, et détient divers projets d'exploration au Perou.

Son principal projet en production est AZULCOCHA au Perou et ses principaux projets en exploration sont ESQUILACHE, CARHUAZ, COMPIN, HUARANCHAL, HUARAZ, MASMA, PALLASCA, SANTIAGO DE CHUCO, HUAMACHUCO, AUCAMPAMPA PROSPECT, LAS PRINCESAS, PUCARA, MACUSANI, LAGUNILLAS, MUNANI et HUACHON au Perou.

Vena Res. est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 115,7 millions CA$ (110,3 millions US$, 82,0 millions €).

La valeur de son action a atteint son plus bas niveau récent le 24 décembre 2004 à 0,20 CA$, et son plus haut niveau récent le 23 février 2007 à 1,91 CA$.

Vena Res. possède 86 970 000 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Financements de Vena Resources Inc.
12/05/2011Announces Board Changes and Extends Warrant Expiry Date
Rapports Financiers de Vena Resources Inc.
16/08/2011Files Second Quarter 2011 Financials and Updates Operations
Projets de Vena Resources Inc.
31/07/2015(Azulcocha)Provides Update With Regards to the Arbitration Concerning t...
16/01/2015(Esquilache)Intersects 5.65 Metres of 304 g/t Ag Including 2.0 Metres of...
10/02/2014(Las Princesas)Enhances JV Agreement on Las Princesas Au/Ag Project
03/06/2013(Esquilache)Cancels Non=2Dbinding Option on Esquilache=2C Pucara and Ama...
15/01/2013(Esquilache)Announces Positive Results of Surface Sampling at the Esquil...
07/01/2013(Esquilache)Announces Positive Metallurgical Test Results from the Esqui...
19/10/2012(Compin)Options Compin Property for $1+ Million in Cash Payments and...
24/09/2012(Azulcocha)Provides Update on Azulcocha Mining Project
30/04/2012Junior Focus=3A Candelaria Silver =2D early=2Dstage Peruvian...
23/01/2012Urban Select Capital Corp. and Vena Resources Inc.
19/01/2012You are Invited! Come and Visit us at the Vancouver Resource...
23/06/2011(Azulcocha)and Trafigura Improve Strategic Agreement for Azulcocha Mine
05/05/2011(Azulcocha)Fast-tracks Azulcocha Construction after Obtaining EIA Appro...
14/03/2011(Macusani)Uranium Resource Expansion Program in Macusani Successfully ...
25/02/2008(Azulcocha)2008 Technical report
Communiqués de Presse de Vena Resources Inc.
13/06/2016Vena Resources Closes $360,000 Private Placement, Files Cont...
29/01/2016TSX Delisting Review - Vena Resources Inc. (Symbol: VEM)
18/01/2016Vena Provides Update on TSX De-Listing Review
15/01/2016TSX Delisting Review - Vena Resources Inc. (Symbol: VEM)
11/01/2016IIROC Trade Resumption - VEM
11/01/2016Vena Receives Peruvian Court Decision on Azulcocha West Arbi...
08/01/2016IIROC Trading Halt - VEM
17/12/2015TSX Delisting Review - Vena Resources Inc. (Symbol: VEM)
21/10/2015TSX Delisting Review - Vena Resources Inc. (Symbol: VEM)
13/08/2015Vena Resources Provides Corporate Update
13/08/2015Vena Provides Update with Regards to the Arbitration Concern...
31/07/2015IIROC Trade Resumption - VEM
31/07/2015Vena Provides Update With Regards to the Arbitration Concern...
31/07/2015IIROC Trading Halt - VEM
24/06/2015Announces Results of 2015 Annual General Meeting
26/02/2015/C O R R E C T I O N from Source -- Vena Resources Inc./
26/02/2015Vena Intersects 24.2 Metres of 131 g/t Ag and 0.4 g/t Au Inc...
26/02/2015Intersects 24.2 Metres of 131 g/t Ag and 0.4 g/t Au Includin...
09/02/2015Vena Clarifies and Retracts Certain Statements Made Related ...
07/02/2015Vena Clarifies and Retracts Certain Statements Made Related ...
16/01/2015Vena Intersects 5.65 Metres of 304 g/t Ag Including 2.0 Metr...
16/01/2015IIROC Trade Resumption - VEM; SVY; LYD
15/01/2015IIROC Trading Halt - VEM
30/12/2014TSX Delisting Review - Vena Resources Inc. (Symbol: VEM)
18/12/2014Vena Announces Positive High-Grade Results from Ongoing Dril...
18/12/2014(Esquilache)Announces Positive High-Grade Results from Ongoing Drill Pro...
29/11/2014Vena Announces Closing of Shares for Debt
26/11/2014TSX Delisting Review - Vena Resources Inc. (Symbol: VEM)
25/11/2014Vena Announces Closing of Private Placement Financing
10/11/2014Vena to Drill Major Veins at the Esquilache Polymetallic Pro...
16/01/2014Closes Sale of Uranium Assets to Azincourt Uranium
02/12/2013Improves Balance Sheet Significantly - Working Capital Incre...
22/11/2013Enters Agreement to Sell Uranium Assets to Azincourt Uranium
21/08/2013Issues Shares to Settle Debt and Provides Board Update
25/06/2013Announces Annual and Special Meeting Voting Results
26/04/2013Issues Shares to Settle Debt
12/12/2012(Esquilache)Obtains Community Permits to Advance Esquilache
08/11/2012(Azulcocha)Completes Sale of Azulcocha Mining to Trafigura
05/10/2012Consolidates Shares
03/07/2012Andr=C3=A9 Gauthier joins Vena Resources Board of Directors
15/03/2012(Azulcocha)Acquires Historical Drill Data Indicating Significant New Zi...
01/03/2012(Azulcocha)Confirms High-Grade Polymetallic Structures at Azulcocha Min...
23/02/2012You are Invited! Come and Visit us at the PDAC!
16/02/2012to Drill Promising Gold Target on its Gianderi Project, Peru
08/02/2012(Azulcocha)Partner Trafigura Invests US$7 Million to Move Azulcocha Zin...
16/01/2012Files NI 43-101 Report for Granja Gold on the Granja Nueva P...
19/12/2011Files NI 43-101 Technical Report on Pukara Property
14/12/2011Receives Shareholder Approval to Spin-Out Candelaria Silver ...
26/10/2011and Gold Fields to Commence Drilling on Amantina Property in...
11/10/2011(Esquilache)Registers 60% Ownership and Files NI 43-101 Report on Esquil...
13/09/2011(Macusani)Significantly Upgrades Resources at Macusani Uranium Project
25/07/2011Intersects 5.85 Metres of 506 gpt AG in Veta Mamacocha and E...
08/06/2011(Esquilache)Discovers High Grade Silver-Gold Zone at Esquilache Project,...
25/05/2011(Macusani)Discovers Higher Grade Zone at Isivilla-Macusani Uranium Pro...
07/04/2011and Gold Fields Identify Significant Targets on Amantina JV ...
24/02/2011Closes $12 Million Financing
22/02/2011Vena Resources Files Prospectus Supplement for $12 Million F...
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TSX-V (VEM.V)FRANKFURT (V1R.F)
1,33-12.50%0,108+0.00%
TSX-V
Cours préc. Ouverture
Bas haut
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  - -
Volume var. 1 mois
-
Produit Manganese - Zinc
Développe
Recherche Copper - Gold - Lead - Silver - Uranium
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 12/01/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
8,08 AU$-1,58%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
3,08 AU$+4,76%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,84 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
0,50 US$-3,27%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,70 GBX-4,39%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,02 CA$+0,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
3,40 CA$-7,36%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
10,65 CA$-1,30%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,30 CA$+1,72%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,28 AU$+3,64%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,76 CA$-2,22%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
69,92 US$+0,59%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$+0,00%Trend Power :