Oberon Uranium Corp. is pleased to announce that it has entered into a property purchase and sale agreement with
Forty Pillars Mining Corp. , an arm's length party to Oberon, pursuant to which Oberon has agreed to sell its Element 92 Uranium Property, comprised of a single Saskatchewan mineral claim number covering 5,961 hectares located in northern Saskatchewan, Canada, on the southern end of the Athabasca region . Under the Agreement, Forty Pillars has agreed to pay to Oberon $10,000 in cash and to issue 2,000,000 common shares of Forty Pillars on closing of the transaction. The shares will be subject to a four month hold period in accordance with applicable securities laws. It is anticipated that Oberon will be an insider of Forty Pillars on closing of the tr...