GLR Resources Inc and Uranium City Resources Inc. Update.KIRKLAND LAKE, Ontario Kirkland Lake is a town located in Timiskaming District in northeastern Ontario, Canada. The 2006 population, according to Statistics Canada, was 8,248. The lake nearby was named after Winnifred Kirkland, a secretary of the Ontario Department of Mines in Toronto. -- GLR GLR Great Lakes Region GLR Global Learning Resources, Inc (Fremont, CA) GLR Greater London Radio GLR Generalized Likelihood Ratio GLR Glare GLR Gaylord, Michigan (Airport Code) Resources Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :GRS GRS Graduate School (universities) GRS Great Red Spot (feature of Jupiter) GRS Gender Reassignment Surgery GRS Gamma Ray Spectrometer GRS Graduation Rate Survey GRS General Records Schedules ) (GLR) is pleased to announce that GLR will be issuing all 12 million shares received from Uranium City Resources Inc. (UCR (Under Color Removal) A method for reducing the amount of printing ink used. It substitutes black for gray color (equal amounts of cyan, magenta and yellow). Thus black ink is used instead of the three CMY inks. See GCR and dot gain. ) to holders of GLR shares as stated in the press release of December 14th, 2004. The date of record is 4:00 PM February 28th, 2005 for the distribution of UCR shares. Shares of UCR will be distributed to GLR shareholders on receipt of a final prospectus and listing on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. . As GLR and UCR will have the right to explore each other's properties, (UCR for uranium and GLR all other commodities) the following terms will apply as a basis for a joint venture between the two companies. GLR Vendor / UCR Purchaser The Purchaser (UCR) is to have all necessary rights to explore for uranium on the Properties of the Vendor (GLR) in the Beaverlodge area of Northern Saskatchewan. The Vendor is to have all necessary rights to explore the properties of the Purchaser for commodities other than uranium. Terms & Conditions A: The Vendor is to have back-in rights to acquire a 75% working interest in any mineral deposit identified by it on the Purchaser's properties in which the principal contained minerals, for development and mining purposes, is other than uranium by further exploration expenditures on such deposit equal to two times the amount expended by the Purchaser. The Purchaser's interest to be a working interest. The Purchaser is to have back in rights (as in A above) on any uranium found on the Vendors Properties The foregoing is subject to regulatory approval. "GLR" is a Canadian Based Exploration Company with several gold, base metal and Platinum group metal properties within its portfolio with the most advanced being the 100% owned Goldfields Project consisting of two open pittable gold deposits. Please visit our website for details on all the Company's properties and activities or please go to www.smartstox.com/interviews/grs.html to listen to an interview with David Leng, B.Geol. (Hons), VP Corporate & Investor Relations. Disclaimer. Certain matters discussed in this document may contain forward-looking statements within the meaning of the Private Securities Litigation reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 GLR Resources Inc. (TSX:GRS) |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion