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BRIEF-UEX says final option agreement signed-drill program to commence immediately

Published 2016-01-19, 09:34 a/m
© Reuters.  BRIEF-UEX says final option agreement signed-drill program to commence immediately
UEX
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Jan 19 (Reuters) - UEX Corp UEX.TO :
* Final option agreement signed-drill program to commence immediately on
christie lake project
* Has signed an option agreement with jcu exploration co ltd; co to earn up to
70% interest in jcu's christie lake project
* Will initiate $2.5 million drill program focused on expanding current
deposits at christie lake project, drilling to commence in late February
* Co shall make staged payments totaling $7 million to jcu between January 28,
2016 and January 1, 2020
* Has also agreed to fund $15 million in exploration expenditures on the
christie lake project over the same period of time
* Source text for Eikon
* Further company coverage UEX.TO

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