Athabasca Nuclear Corporation - Strike Graphite Corp. Transaction Update

Calgary, AB / TNW-ACCESSWIRE / October 8, 2014 / Athabasca Nuclear Corp. (TSX-V: ASC) ("Athabasca Nuclear" or the "Corporation") is pleased to report that it has been advised that matters pertaining to its proposed plan of arrangement with Strike Graphite Corp. have received the necessary approvals required by shareholders of Strike Graphite Corp. by way of voting held at the annual general and special meeting of shareholders held by Strike Graphite Corp. on October 7, 2014 in Vancouver, British Columbia.

Athabasca Nuclear currently expects the arrangement with Strike Graphite Corp. to close during the week of October 13, 2014. Closing of the arrangement remains subject to certain conditions, including final court approval and final TSX Venture Exchange approval.

Additional details concerning the proposed transaction are available in the news release issued by Athabasca Nuclear dated July 15, 2014.


About Athabasca Nuclear Corporation

Athabasca Nuclear Corp. (TSX-V:ASC) is an exploration company based in Calgary, Alberta which is focused on uranium exploration in the Athabasca Basin of Saskatchewan, Canada. The Corporation has also recently announced a proposed business combination with Strike Graphite Corp..


Signed,
Ryan Kalt, Chief Executive Officer



Forward-Looking Statements

This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently expected or forecast in such statements.

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 Info:

Ryan Kalt, LL.M., M.B.A., Chairman and Chief Executive Officer
403-410-3848
ryan.kalt@athabascanuclear.com
www.AthabascaNuclear.com