Mr. Tim Fernback reports
SENATOR MINERALS CLARIFIES TERMS FOR ACQUISITION OF CARTER LAKE URANIUM PROJECT
Senator Minerals Inc. has clarified the terms of its proposed acquisition of the Carter Lake uranium project, located in the southwestern corner of the Athabasca basin in Saskatchewan, announced in its news release of April 24, 2017. The company has entered into a letter of intent with Gunnar Minerals Corp., pursuant to which it proposes to acquire a controlling interest in Gunnar in consideration for a cash payment of $500,000. Gunnar holds the rights to acquire the Carter Lake uranium project.
Readers are cautioned that completion of the acquisition remains subject to due diligence and negotiation of definitive documentation. The acquisition cannot be completed until these conditions are satisfied. There can be no assurance that the acquisition will be completed on the terms disclosed or at all. The company will provide further information concerning the acquisition as soon as it becomes available.
We seek Safe Harbor.
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