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Thursday, October 30, 2014 12:16:07 AM
Today's PR:
http://www.u3o8corp.com/docs/Press_Releases/2014/UWE%20update%20pr_Final_oct%2028%2014.pdf
Resignation of a Board Member
U3O8 Corp. also announces the resignation of Sheldon Inwentash, Chairman and CEO of Pinetree Capital Ltd., from the Company’s Board of Directors.
“On behalf of U3O8 Corp. and the board, I would like to thank Sheldon for his support of the company over the past four years. Sheldon was instrumental in the acquisition of the properties in Colombia and Argentina that constitute U3O8 Corp’s lead projects on which positive preliminary economic assessments have now been completed,” said Mr. David Constable, U3O8 Corp’s Chairman.
“The fundamentals of U3O8 Corp. and its projects remain solid,” said Dr. Richard Spencer, U3O8 Corp’s President and CEO. “We are currently being swept along in the market-driven sell-off in commodities and a broader liquidation affecting a number of exploration companies, which is further aggravated with end- of-year tax loss selling. Of further note, shares of uranium producers and juniors alike have traded down although uranium prices have risen over 25% since the summer. These market-related events highlight the disconnect between our share performance relative to the value that we are creating in our projects.”
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