Uranium 308 Corp.(fka URCO)

[Quinnradio]

$URCO from the 8K July 6th... a must read considering the "Update" here today... I think we are very close to a deal... maybe this week... Keep it on watch

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8030477

On June 29, 2011, we entered into a mineral property option agreement (the “Option Agreement”) with Laberinto Holdings, S.A. (“Laberinto”), a Peruvian corporation, whereby we have the ability to acquire up to a 75% ownership interest in mineral concession number 01-02934-11 containing 100 hectares in the Pernene district, Chanchamayo, Peru, and mineral concession number 01-02933-11 containing 800 hectares in the Palca district, Tarma, Peru, both located in the Department of Junin (collectively, the “Concessions”) in exchange for: (i) the payment of US$50,000 in cash to Laberinto within two months following the execution of the Option Agreement for a 25% interest in the Concessions; (ii) the issuance of 15,000,000 shares of our restricted common stock to Laberinto upon the execution of the Option Agreement for an additional 25% interest in the Concessions; and (iii) exploration expenditures by us in our sole discretion on the Concessions in the amount of US$250,000 on or before the first anniversary of the execution of the Option Agreement for an additional 25% interest in the Concessions.