Aug 4 2014
Powertech Uranium Corp. announces that, further to its News Release of February 26, 2014, wherein it announced that it will acquire all of the issued and outstanding common shares of Azarga Resources Limited in exchange for common shares of Powertech pursuant to a Share Purchase Agreement dated February 25, 2014, it has entered into an Amendment to Share Purchase Agreement dated July 31, 2014 with Azarga, whereby the parties agreed to amend the Original Agreement by extending the closing date from July 31, 2014 to September 15, 2014, or such other date as agreed to by the parties. In all other respects, the terms of the Original Agreement remain the same.
Closing of the Transaction remains subject to, among other things, approval of the Toronto Stock Exchange and the satisfaction of the other conditions to closing set out in the Share Purchase Agreement, as amended. The Transaction was approved by the shareholders of Powertech at the annual general and special meeting of shareholders held on June 30, 2014, as announced in the Company's news release dated June 30, 2014.
Source: https://encoreuranium.com/