Forsys in Exclusive Negotiations Regarding Potential Sale of Companyadmin
Forsys Metals Corp. announces that it is in exclusive negotiations with respect to a potential sale of the Company. No assurance can be given that the negotiations will be successful. Further comments or announcements will be made by the Company as circumstances warrant.
The Company has retained CIBC World Markets Inc. as its financial advisor in connection with this process.
Forsys Metals Corp, having BEE sponsorship, is an emerging uranium producer with 100% ownership in the Valencia Uranium Deposit, which recently received its Mining Licence (ML 149). The Company also has an extensive portfolio of uranium exploration projects totaling over 252,000 ha located in Namibia, Africa a politically-stable, mining friendly jurisdiction. The Company is currently conducting additional drilling of the Valencia Uranium Deposit and expects to deliver a resource upgrade shortly.