U3op share update email from. MD2 Nov 2010 18:27
Sorry for the delay in getting back to you.
I can confirm that everything is proceeding fine for U3O8. There is quite a bit of news to be released, but I am holding it back to wait for the right time ahead of the move to AIM.
We are just finalising the new licences in Chile, which will enable the lawyers in Chile to provide us the letter we require for the AIM move to confirm the licences are 100% owned by U3O8 and in good standing etc… This was mentioned in the interim results in the following paragraph:
“In connection with the work required for the AIM move, U3O8 has sought a legal opinion in relation to the title and ownership of the licences held by the company in Chile. As part of this process, the Chilean lawyers have advised U3O8 of issues affecting the title to the licences. In order to correct this, U3O8 has been advised by its Chilean lawyers to submit new licence applications. These applications were submitted mid-June and U3O8's Chilean legal advisers have confirmed that the applications have been accepted by the Chilean court. U3O8 has been advised by its Chilean advisers that the application process is largely procedural from acceptance by the Chilean court.”
This matter is now in the very final stage, and so we will be able to wrap everything up for the AIM move in January.
It has been very frustrating how long the move to AIM has taken, but it is important that we have all our ducks lined up so that everything is 100% ahead of the move.
Thank you for your ongoing support.
Best Wishes,
Conrad