BRIEF-UEX signs Christie Lake joint venture agreement

Thu Jul 21, 2016 8:10am EDT
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July 21 (Reuters) - Uex Corp

* Says JCU (Canada) exploration company limited have signed a joint venture agreement for Christie Lake Project

* Says UEX holds an option to earn up to a 70 pct interest in project

* Christie Lake Joint venture agreement signed

* Project is currently owned 10% by UEX and 90% by jcu

* Says fully vesting a 70 pct interest in project

* UEX will remain operator of Christie Lake Project

* UEX will have right, at a minimum, to set annual exploration program and budget to meet its commitments under option agreement

* Initial operator of joint venture will be selected by a majority vote of management committee Source text for Eikon: Further company coverage: