Mr. Jonathan Lafontaine of SeqUr reports
SEQUR WITHDRAWS FROM THE JASPER LAKE AGREEMENT WITH DENISON
SeqUr Exploration Inc. has had to withdraw from its option agreement with Denison Mines Corp., due to difficult market conditions.
The Jasper Lake project was originally signed in December, 2013, and was renegotiated in December, 2014, in part to allow SeqUr to extend the exploration expenditure commitments over an additional year and postpone the cash payments by a year.
SeqUr is currently reviewing its options and is in the process of identifying other promising properties and list the company on a stock market as quickly as possible.
Change to the board of directors
SeqUr also announced that Charles Riopel has resigned from the company's board of directors. Mr. Riopel sat on the board as a representative of the Sentient Group. Sentient sold its majority stake in the company to Toro Energy Ltd., an Australian uranium company, on Oct. 31, 2014. Management wishes to thank Mr. Riopel for all the services he rendered to the company.
We seek Safe Harbor.
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