European Uranium Resources increased volume of financing

 

European Uranium Resources increased volume of financing

Vancouver, 7. November 2013 – European Uranium Resources, Ltd. (Euu: TSX-V; EUUNF: OTCQX; TGPN: Frankfurt) is new information to the previously announced financing through Global Resources Investments Ltd. (“GRILL”) known.

In addition to the press release the company from 11. October 2013 The company will announce, that the agreed GRIL private placement was renegotiated. The company now wants proceeds of 1.250.000 $ on the sale of 12.500.000 Common shares at a price of 0,10 $ achieve per share. GRIL is around to following this transaction 19,3 % be involved in EUU (on a non-diluted basis). This EUU shares are subject to a hold period of four months.

GRIL was founded, to investment opportunities in the junior mining companies in the international- use and natural resources sector. These investments are medium- be achieved through long-term capital gains. GRIL is to re-register as a public company under the name Global Resources Investment Trust Plc ('”GRIT”) act as Investment Trust. The Company will apply for the inclusion of their shares in the main market for listed securities on the London Stock Exchange.

In return for the acquisition of shares EUU GRIT is itself 751.744 GRIT common shares at a price of 1,00 £ to Aktie (the “GRIT Equities”) passed to EUU. EUU GRIT will then sell the acquired shares from time to time in accordance with applicable securities laws on the London Stock Exchange, to generate cash that way. The proceeds from the private placement will be used for the further expansion of uranium project in Slovakia Kuriskova and for working capital and for general corporate purposes.

For the transaction to a number of conditions must be met, including the approval of the Securities and Exchange Commission of the TSX Venture Exchange and the successful IPO on the London Stock Exchange are GRIT.

With respect to this transaction, a commission in the form of GRIT shares will be paid.

AREVA has exercised its right to buy additional shares at the applicable EUU under this financing conditions no use.

Über European Uranium Resources Ltd.

European Uranium Resources Ltd. is an ambitious European uranium exploration- and shooting company, which has an extensive portfolio of great projects in Slovakia. European Uranium is on its way, the most important uranium exploration- being and development company in Europe. Europe is in relation to the per capita consumption of the largest uranium consumer in the world. Are currently 160 Reactors in operation and more under construction or planned, However, there is only one active uranium mining operation. The Company's project could Kuriskova are among the lowest cost uranium production companies in the world. European Uranium has a strong and committed shareholder base. This includes AREVA, a company, standing in the nuclear energy sector world leader and one of the major uranium mining companies and nuclear operators.

EUROPEAN URANIUM RESOURCES LTD.

“Dusty Nicol”

Dorian L. (Dusty) Nicol, President und CEO

For more information, please contact Dorian (Dusty) Nicol by phone (604) 536-2711 or. on the website www.euresources.com.

The TSX Venture Exchange nor its Regulation Services Provider (described in the policies of the TSX Venture Exchange Regulation Services Provider) assume no responsibility for the adequacy or accuracy of this release.

Cautionary Note:

This press release contains forward-looking statements, based on current expectations and estimates of the company. Forward-looking statements are often characterized by words such as "plan", "Expect", "Forecast", "Intend", "Believe", "Anticipate", "Estimate", "Accept", "Inform" and similar expressions or statements, that certain events or conditions "may" or "will". These forward-looking statements involve risks and uncertainties and other factors, which may cause, that actual events or results to differ materially from those anticipated events or results, The forward-looking statements are made in such a directly or indirectly expressed, differ. These factors include u.a. the actual results of current exploration activities; Conclusions on economic evaluations; Changes in project parameters as part of further planning; possible variations in ore grade and yield; Accidents; labor disputes and other risks that occur in mining; Delays in regulatory approval or. in financing transactions; and fluctuations in metal prices. Other factors can cause, that acts, Events or results different than expected, estimated or intended. Forward-looking statements speak only as of the date, to which they are created. The company therefore has no intention or obligation, to update these forward-looking statements, whether as a result of new information or future events or. Results are for other reasons, unless, This is required by applicable securities laws. Forward-looking statements are not guarantees of future performance and it is therefore recommended, Such statements as a result of the uncertainties contained therein not to overstate.

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Which filings can be found at:
http://www.irw-press.at/press_html.aspx?messageID=29236

(Those: IWR-Press.at)

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