BASIN URANIUM CORP. (CSE: NCLR) (OTC Pink: BURCF) (FSE: 6NP0) (‘Basin Uranium’ or the ‘Company’) today announces that further to it’s news release dated March 30, 2022 that it, through a wholly-owned subsidiary has completed an amalgamation with 1290945 B.C. Ltd.
The principal asset of NumberCo is a 100%-interest in the Wray Mesa project in San Juan County, Utah.
Basin Uranium issued 4,250,003 million shares of Basin Uranium Corp. as well as 250,000 shares to the original property vendor in consideration for the acquisition of NumberCo. The shares issued in conjunction to the acquisition will be subject to the following restrictions on transfer: 50% will be free trading on issuance with further tranches of 10% to be released monthly starting on the fifth month anniversary of closing.
About Basin Uranium Corp.
Basin Uranium Corp. is a Canadian junior exploration company focused on mineral exploration and development in the green energy sector. The Company owns the Wray Mesa project in southeastern Utah which has seen significant historic uranium and vanadium exploration and is located adjacent to the fully- permitted and production ready La Sal project. The Company has an option to acquire a 75% interest in the Mann Lake uranium project, located in the Athabasca basin in Northern Saskatchewan, Canada and holds an option in the CHG gold exploration project located approximately 15 kilometers northwest of the town of Clinton in south-central British Columbia.
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