Cue Resources Ltd. Receives Final Court Order for Arrangement with Uranium Energy Corp.

Cue Resources Ltd. ("CUE") (TSX VENTURE:CUE) is pleased to announce that the
Supreme Court of British Columbia has issued a final order approving the
previously announced plan of arrangement (the "Arrangement") between CUE and
Uranium Energy Corp. ("UEC") (NYSE Amex:UEC) whereby UEC will acquire all of the
issued and outstanding shares of CUE.


Under the terms of the Arrangement, each CUE shareholder will receive 0.0195 of
a UEC common share for each CUE share held. In order to receive the
consideration, CUE shareholders should follow the instructions that are set out
in CUE's Notice of Special Meeting and Management Information Circular dated
February 23, 2012, available at www.sedar.com under CUE's SEDAR profile.


The Arrangement is expected to be completed on or about March 30, 2012 and
remains subject to customary regulatory consents and other approvals.


About Cue Resources Ltd.:

Cue Resources Ltd. is focused on its Yuty Uranium Project located in
southeastern Paraguay. This property was extensively explored in the late 1970's
and early 1980's, leading to the discovery of significant uranium mineralization
in a roll-front environment. Activities then ceased with the global fall in
uranium prices. Worldwide, projects of this nature are commonly recoverable
through the use of in situ recovery technology (ISR). Four major drilling
campaigns have now been completed by Cue. For detailed information visit CUE's
web site at www.cue-resources.com.


Safe Harbor Statement

Except for the statements of historical fact contained herein, the information
presented in this news release constitutes "forward-looking statements" as such
term is used in applicable United States and Canadian laws. These statements
relate to analyses and other information that are based on forecasts of future
results, estimates of amounts not yet determinable and assumptions of
management. Any other statements that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance (often, but not always, using words
or phrases such as "expects" or "does not expect", "is expected", "anticipates"
or "does not anticipate", "plans", "estimates" or "intends", or stating that
certain actions, events or results "may", "could", "would", "might" or "will" be
taken, occur or be achieved) are not statements of historical fact and should be
viewed as "forward-looking statements". Such forward looking statements involve
known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such risks and other factors
include, among others, the actual results of exploration activities, variations
in the underlying assumptions associated with the estimation or realization of
mineral resources, the availability of capital to fund programs and the
resulting dilution caused by the raising of capital through the sale of shares,
accidents, labor disputes and other risks of the mining industry including,
without limitation, those associated with the environment, delays in obtaining
governmental approvals, permits or financing or in the completion of development
or construction activities, title disputes or claims limitations on insurance
coverage. Although the Company has attempted to identify important factors that
could cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate as
actual results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements contained in this news release and in any document
referred to in this news release.


Certain matters discussed in this news release and oral statements made from
time to time by representatives of the Company may constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995 and the Federal securities laws. Although the Company believes that the
expectations reflected in such forward-looking statements are based upon
reasonable assumptions, it can give no assurance that its expectations will be
achieved. Forward-looking information is subject to certain risks, trends and
uncertainties that could cause actual results to differ materially from those
projected. Many of these factors are beyond the Company's ability to control or
predict. Important factors that may cause actual results to differ materially
and that could impact the Company and the statements contained in this news
release can be found in the Company's filings with the Securities and Exchange
Commission. For forward-looking statements in this news release, the Company
claims the protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995. The Company
assumes no obligation to update or supplement any forward-looking statements
whether as a result of new information, future events or otherwise. This press
release shall not constitute an offer to sell or the solicitation of an offer to
buy securities.
Universal Energy (Tier2) (TSXV:UEC)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024