Posted in | News | Uranium | Mining Business

Fronteer Gold Sells its Uranium Assets to Paladin Energy

Feb 2 2011

Fronteer Gold Inc. (TSX:FRG)(NYSE Amex:FRG) announces today that it has completed the sale of 100% of the uranium assets of Aurora Energy Resources Inc., a wholly owned subsidiary of Fronteer Gold, to Paladin Energy Ltd. (TSX:PDN)(ASX:PDN) pursuant to an Asset Sale Agreement which was entered into on December 17, 2010.

Under the terms of the completed Agreement, Fronteer Gold will receive 52.1 million common shares of Paladin. Fronteer Gold is now the largest Paladin shareholder at approximately 6.7%.

Source: Fronteer Gold Inc.

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