UPDATE: Zadar Acquires Patterson Northeast Uranium Project; Stock Climbs 28% to New 52-Week Highs

By
A A A

Zadar Ventures Ltd. (ZAD.V) has entered into a purchase agreement with an arm's length vendor to acquire a 100% interest in the 7,744 hectare Patterson Northeast Uranium project, located in the prolific Western Athabasca basin.

The company will pay $205,000 cash in year one and make subsequent payments totaling $2.8 million and complete $2 million in exploration over 4 yrs. In addition a 1% NSR has been granted to the Vendor, of with 1/2 percent can be purchased by Zadar for $1 million.

ZAD has climbed nearly 28% to 30 cents, hitting 52-week highs.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks:

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

113,590,482
  • $14.98 ▼ 1.77%
57,689,941
  • $94.67 ▼ 0.37%
51,501,990
  • $3.31 ▼ 2.07%
46,645,770
  • $96.13 ▲ 0.55%
42,212,567
  • $72.36 ▼ 0.40%
39,428,076
  • $25.35 ▲ 0.80%
36,799,747
    $37 unch
36,459,390
  • $44.13 ▼ 2.35%
As of 8/1/2014, 04:03 PM