Discussing How Marketing Automation Makes Lead Management and Nurturing Effective

Marketing Automation

Subscribe to Marketing Automation: eMailAlertsEmail Alerts newslettersWeekly Newsletters
Get Marketing Automation: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn

Marketing Automation Authors: APM Blog, Mehdi Daoudi, Jason Bloomberg, Steve Mordue, Will Davis

Related Topics: Mergers & Acquisitions on Ulitzer

Mergers & Acquisitions: News Feed Item

Cue Capital Corp. Signs a Term Sheet to Acquire Remaining 30% Of Transandes Paraguay S.A.

Cue Capital Corp. Signs a Term Sheet to Acquire Remaining 30% Of Transandes Paraguay S.A.

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 07/03/07 -- Cue Capital Corp. (TSX VENTURE: CUE) "Cue" is pleased to announce that it has signed a term sheet to acquire the remaining 30% of Transandes Paraguay S.A. from Sebastian Reidl and Alex Hirtz. Pursuant to the term sheet, Cue is required to pay a US$100,000 deposit on signing and the balance of US$4,400,000 within 60 days after signing. In addition, the Vendors will receive additional balloon payments to be calculated in the future should a feasibility study demonstrate a mineable resource on the Yuty Concessions.

The balloon payments will consist of $0.15 per pound of uranium that may be determined to be located on the lands in the feasibility report, payable upon the delivery of a feasibility study on the Yuty Concessions. A further balloon payment of $0.06 per pound of uranium determined to be on Concessions in the feasibility study will be payable on the commencement of commercial production.

As commercial production is attained from the Yuty Concessions, Reidl and Hirtz will receive a 2.5% royalty on production which will be reduced by any royalty amounts otherwise payable to the Government of Paraguay pursuant to the mining laws of Paraguay.

The terms of acquisition are subject to Cue completing a further financing and TSX Venture Exchange approval.

With completion of this purchase, Cue will control 100% of the Yuty Concessions once Cue completes its obligations under the Earn In Agreement and Option to participate in Transandes Paraguay S.A. dated November 3, 2006. Under that agreement, Cue acquired the right to earn a 70% interest in and to the Yuty Concessions by making the payments, issuing the shares and completing the exploration expenditures referred to in the Earn In Agreement.

Chris Healey, P.Geo, COO of Cue Capital, commented; "The purchase of this additional interest in the Yuty property is an exciting step forward and is consistent with our belief that the project has excellent potential to become a substantial uranium producer. The work put in by Sebastian Reidl and Alex Hirtz in getting this project up and running has been very valuable, and is very much appreciated by Cue's Board."


Chris Healey, COO & Director

WARNING: The Company relies on litigation protection for "forward looking" statements. Actual results could differ materially from those described in the news release as a result of numerous factors, some of which are outside the control of the Company. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

Cue Capital Corp.
Chris Healey
COO & Director
(604) 921-1810
(604) 921-1898 (FAX)

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.