Published:
Nu-Mex Uranium Corp. and NWT Uranium Corp. Terminate Arrangement Agreement
ALBUQUERQUE, N.M. andVANCOUVER, British Columbia, Feb. 13
/PRNewswire-FirstCall/ -- Nu-Mex Uranium Corp. ("Nu-Mex") and NWT Uranium
Corp. ("NWT") announced today that as a result of market circumstances the
companies have mutually agreed to terminate the arrangement pursuant to which
Nu-Mex was to acquire 100% of the securities of NWT pursuant to a court
approved plan of arrangement (which was previously announced on December 20,
2007). Nu-Mex and NWT have signed a termination and mutual release agreement
pursuant to which each party released the other from all liabilities and
obligations relating to the arrangement.
ABOUT NU-MEX URANIUM CORP:
Nu-Mex Uranium Corp. is an exploration stage uranium mining company with
corporate offices inLondon, England, and operational offices in NewMexico,
USA. Its foundational assets are located in the southwestUnited States.
Nu-Mex is focused on uranium resources that can be brought to near-term
production.
For further information see: http://www.nu-mexuranium.com
Symbol: (OTC Bulletin Board: NUMX); Frankfurt AN4, WKN NO. A0MUN4.
Contact person: D. Bruce Horton, President and CEO, Nu-Mex Uranium Corp.,
(505) 842-5537
Contact North America: Investor Relations Tel.: 866-676-0153
Contact Europe: Investor Relations Tel.: +44-20-7665-1646
ABOUT NWT URANIUM CORP:
NWT Uranium Corp. is an international resource exploration company with an
experienced, highly technical management team. Since its inception, NWT has
concentrated on the acquisition of properties with potential uranium targets.
For further information see: http://www.nwturanium.com
Symbol: (OTC Bulletin Board: NWURF); TSX Venture - NWT
Contact person: Marek J. Kreczmer, M.Sc., P.Eng., President and CEO, NWT
Uranium Corp., (866) 437-9551 or +1 (416) 489-0092;
info@nwturanium.com.
SAFE HARBOR STATEMENTS:
This press release contains "forward-looking information" that is based on
the parties' current expectations, estimates, forecasts and projections. This
forward-looking information includes, among other things, statements with
respect to Nu-Mex's proposed business combination with NWT. The words "may",
"would", "could", "should", "will", "likely", "expect," "anticipate,"
"intend", "estimate", "plan", "forecast", "project" and "believe" or other
similar words and phrases are intended to identify forward-looking
information. Forward-looking information is subject to known and unknown
risks, uncertainties and other factors that may cause the parties' actual
results, level of activity, performance or achievements to be materially
different from those expressed or implied by such forward-looking information.
Such factors include, but are not limited to: completion of the arrangement,
economic performance of the combined company, and future plans and objectives
of NWT and Nu-Mex, including future exploration and development. There are no
assurances that the arrangement will be consummated. This list is not
exhaustive of the factors that may affect our forward-looking information.
These and other factors should be considered carefully and readers should not
place undue reliance on such forward-looking information. Both parties
disclaim any intention or obligation to update or revise forward-looking
information, whether as a result of new information, future events or
otherwise.
This press release has been prepared by management of the parties who
takes full responsibility for its contents. Each of the TSX Venture Exchange,
the NASD, the SEC and the OTCBB neither approves nor disapproves of the
contents of this press release. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy nor shall there be any
sale of these securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
SOURCE Nu-Mex Uranium Corp.
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