European Uranium Updates Joint Venture with Forte Energy on Slovak Uranium Properties
![European Uranium Updates Joint Venture with Forte Energy on Slovak Uranium Properties](https://www.minenportal.de/media/goldseiten-news.jpg)
The parties have on July 31, 2014 executed a definitive agreement (the “Agreement”) to replace the LOI and EUU has received $175,000 of the $500,000 cash payments owed pursuant to the Agreement. As mutually agreed Forte will pay the balance of $325,000 to EUU imminently. To retain its 50% interest, Forte must sole fund a minimum of $350,000 a year on the Ludovika entities over the next ten years with the first year’s expenditure of $350,000 being an obligation.
EUROPEAN URANIUM RESOURCES LTD.
"Dusty Nicol"
Dorian L. (Dusty) Nicol, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact
European Uranium Resources Ltd.
Dorian L. (Dusty) Nicol, President and CEO
604-536-2711
www.euresources.com