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Abitex Resources Inc
Abitex Signs Letter of Agreement to Acquire an Interest in a Uranium Deposit in Quebec
June 27th, 2008
Abitex Resources Inc. (TSX-V: ABE) (the "Company"; "ABITEX") is pleased to announce the signing of a Letter of Agreement with AREVA Resources Canada ("AREVA"), a wholly-owned subsidiary of AREVA and SOQUEM INC. ("SOQUEM"), a wholly-owned subsidiary of Societe generale de financement du Quebec (SGF). The Letter of Agreement specifies the terms by which AREVA and SOQUEM grant ABITEX an option to acquire a 50% interest in the "L" uranium property located in the Otish Mountains area of Quebec. AREVA and SOQUEM are equal owners of the property which hosts the "L" uranium deposit discovered and defined by AREVA almost 25 years ago and which hosts a...
Source: Health Business Week (2008-06-27)
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