Takara Resources Acquires Athabasca Basin Uranium Projects

Takara Resources Inc. (TSXV:TKK) has entered into an agreement with a private company to acquire a 100% interest in mineral claims prospective for uranium exploration in the north west region of the Athabasca Basin, Saskatchewan.

According to the press release, the claims consist of 19,180 hectares and is located in the uranium-prolific Beaverlodge District, near Uranium City, Saskatchewan.

Takara shall issue 47,400,000 common shares and pay $74,000 in cash to the vendor and its shareholders (together the “Vendor”), in consideration for the acquisition of all of the issued and outstanding common shares of the Vendor, Duckhorn Capital Inc., a private company holding rights to the uranium project. Further, Takara has agreed to advance $10,000 for a 43-101 compliant geological report

Click here to view the full press release.