Western Uranium Proposes Name Change to Concordia Resource Corp.
15 March 2011 - 7:19AM
Marketwired
Western Uranium Corporation (TSX VENTURE: WUC) ("the Company" or
"WUC") is pleased to announce that the Board of Directors of the
Company has approved, subject to regulatory approval, a change of
name of the company to Concordia Resource Corp.
The proposed change of name reflects the Company's strategy for
expansion through acquisition and exploration globally, and through
a shift in focus from uranium into a more diversified exploration
and development company.
As part of this ongoing strategy the company last week completed
and announced the sale to Western Lithium USA Corporation the
royalties and titles constituting substantially all of the Kings
Valley uranium property holdings in Nevada for Cdn$6.85 million,
paid through the issue to WUC of 5,855,000 WLC common shares. The
Company retains the Albisu gold project which was delineated by a
regional drill program in 2009.
Furthermore, as part of its growth strategy, the Company last
week announced that Meryllion Minerals, its wholly owned subsidiary
, had acquired an option to purchase the Providencia silver-copper
prospect located in Jujuy Province, Argentina. Meryllion has also
acquired an option to purchase the 14,000-hectare Cerro
Amarillo-Cajon Grande copper-gold property located in the Malargue
District, in Argentina.
ABOUT MERYLLION
Meryllion Minerals is a 100% owned subsidiary of Western Uranium
with the charter to conduct mineral exploration in South America
with a primary focus on precious and base metals. Meryllion also
has an option to purchase a 100% interest in the Cerro Amarillo
copper-gold porphyry deposit located in Mendoza Province,
Argentina. Meryllion operates out of offices in Buenos Aires under
the direction of Dr. Willem Fuchter, a PhD geologist with extensive
international experience.
ABOUT THE COMPANY
Western Uranium Corporation is a mineral exploration company
with properties in Argentina, Nevada, and New Mexico and an earn-in
agreement with Renaissance Gold Inc. for the Baza gold-copper
project in Spain. The Company has its head office and executive
management team in Vancouver, Canada; and its technical team is
based in Reno, Nevada.
On behalf of the Board of Western Uranium Corporation
R. Edward Flood, Chairman
The TSX Venture Exchange has neither approved nor disapproved of
the contents of this press release. Neither the TSX Venture
Exchange nor its Regulation Services Provider (as such term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Contacts: Western Uranium Corporation Karl Cahill Manager,
Investor Relations +1-858-531-6100 Western Uranium Corporation
Richard Roy Corporate Communications +1-604-669-6446
info@westernuranium.com www.westernuraniumcorp.com
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