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BRIEF-UEX signs Christie Lake joint venture agreement

Published 2016-07-21, 08:10 a/m
© Reuters.  BRIEF-UEX signs Christie Lake joint venture agreement
UEX
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July 21 (Reuters) - Uex Corp UEX.TO

* Says JCU (Canada) exploration company limited have signed a joint venture agreement for Christie Lake Project

* Says UEX holds an option to earn up to a 70 pct interest in project

* Christie Lake Joint venture agreement signed

* Project is currently owned 10% by UEX and 90% by jcu

* Says fully vesting a 70 pct interest in project

* UEX will remain operator of Christie Lake Project

* UEX will have right, at a minimum, to set annual exploration program and budget to meet its commitments under option agreement

* Initial operator of joint venture will be selected by a majority vote of management committee Source text for Eikon: ID:nMKWklYkza Further company coverage: UEX.TO

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