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Abitex Resources Inc. Announces Proposed Acquisition of Central Uranium Corporation.

Publication: PR Newswire
Publication Date: 15-SEP-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
VAL-D'OR and MONTREAL, Canada, September 15 /PRNewswire-FirstCall/ -- Abitex Resources Inc. (TSXV: ABE) ("Abitex" or the "Company") Mr Yves Rougerie, President and CEO of the Company is very pleased to announce that, further to its press release dated April 9, 2008, it has entered into a share exchange agreement with Central Uranium Corporation ("Central") pursuant to which Abitex will acquire (the "Acquisition") all of the issued and outstanding common shares of Central (the "Central Shares") in exchange for common shares of Abitex ("Abitex Shares") on a "one for one" basis.

Under the terms of the Acquisition, shareholders of Central will receive one Abitex Share in exchange for...

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