Uranium Standard Closes Acquisition of Vico Project Database
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URANIUM STANDARD CLOSES ACQUISITION OF VICO PROJECT DATABASE
Vancouver, British Columbia – December 30, 2014 – Uranium Standard Resources Ltd. (USR:TSX.V) (the “Company”) is pleased to announce that on December 22, 2014, the TSX Venture Exchange accepted for filing an intellectual property agreement with an arm’s length vendor, by which the Company can acquire a proprietary Uranium Project Database.
The database has been developed and maintained by Vico Uranium Corp. and its principals, chiefly Canon Bryan, the President, CEO and Director of Vico. In addition to a robust data set on over 1,000 uranium projects worldwide, the database also consists of hundreds of historical technical reports, maps and other reference materials with information on virtually every known anomalous uranium occurrence on earth. It has been updated daily since 2004. This database will provide the foundation for Uranium Standard’s mergers and acquisitions strategy.
As consideration for the acquisition of the Uranium Project database, the Company will issue 2,000,000 common shares of Uranium Standard to Vico. These shares will be subject to a 4 month and a day standard hold period.
About Uranium Standard Resources Ltd.
Uranium Standard is a uranium resource acquisition and development company, led by management and directors with expertise and successful track records in the resource sector, and particularly the uranium sector. With uranium prices trading at multi-year lows, the Company's strategy is to consolidate a significant portfolio of advanced high-quality uranium assets at deeply discounted valuations. Uranium Standard expects to realize substantial value as the uranium market recovers through declining global inventories and natural growth in the nuclear power industry.
On Behalf of the Board of Directors of Uranium Standard Resources Ltd.
Arni Johannson Arni Johannson, President and CEO
For more information, please contact Uranium Standard Resources Ltd.
604-563-2477 [email protected] www.uraniumstandard.com
Vanguard Shareholder Solutions, Inc.
604-608-0824 or Toll Free: 1-866 801-0779
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.