BRIEF-Laramide Resources executes definitive share purchase agreement to acquire Church Rock and Crownpoint ISR projects in New Mexico

Fri Apr 8, 2016 1:00pm EDT
 
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April 8 (Reuters) - Laramide Resources Ltd :

* Laramide Resources executes definitive share purchase agreement to acquire acquire Church Rock and Crownpoint ISR projects in New Mexico

* Total consideration to be paid by Laramide to URI is US$12.5 million , over a three-year period

* Deal to include a combination of cash, shares, a promissory note and option for URI to acquire Laramide's La Sal project in Utah for $4m

* Initial cash payment of US$5.25 million is due on closing Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)