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ASSAOUAS 1 AND 2

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ASSAOUAS 1 AND 2
Classification: Active/Verified
Status: Advanced Exploration
Type of Work: Surface
Location: Niger
 


Property News

February 17, 2010
Orezone Gold Corporation announce that its subsidiary, Brighton Energy Limited, has completed the acquisition of three uranium exploration permits in the Republic of Niger, West Africa. Orezone currently holds an 80% equity interest in Brighton and will be the initial manager and operator of the exploration programs on the properties. Orezone is preparing Brighton to become an independently financed, managed and listed public company.
November 23, 2009
Orezone Gold Corporation and North Atlantic Resources Ltd. announce the signing of a definitive agreement whereby Orezone will acquire from North Atlantic three uranium exploration licenses in the Republic of Niger, West Africa. The transaction will create Brighton Energy Limited (“Brighton”) a uranium focused explorer with title to 5,000 km˛ of very well located and prospective ground that contains key geological structures and favorable rocks that are known to host or control the mineralization at producing uranium mines in the region. Pursuant to the terms of the agreement, North Atlantic will receive consideration of Cdn$250,000 and a 20% equity interest in Brighton. Orezone will manage Brighton and hold the remaining 80% equity interest until Brighton is further financed and publically listed. The closing of this transaction is dependent upon, amongst other things, the receipt of all required Niger Government approvals, third party approvals or consents and compliance with any applicable regulatory requirements.
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