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| Home : Azarga's Largest Shareholder Enters Into Debt Settlement Agreement |
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Apr 13
2016 |
Azarga's Largest Shareholder Enters Into Debt Settlement Agreement |
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GREENWOOD VILLAGE, COLORADO--(Marketwired - April 13, 2016) - AZARGA URANIUM CORP. (TSX:AZZ) (OTC PINK:PWURF) (FRANKFURT:P8AA) ("Azarga" or the "Company") has been notified that its largest shareholder, Powerlite Ventures Limited ("Powerlite"), a wholly-owned subsidiary of Blumont Group Ltd. ("Blumont") (SGX:A33), has entered into a settlement agreement with Wintercrest Advisors LLC ("Wintercrest"), a wholly owned subsidiary of Platinum Partners Value Arbitrage Fund L.P. to effect a full and final settlement of a loan facility agreement between Blumont and Wintercrest (the "Debt Restructuring"). |
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| Source:http://www.marketwired.com/mw/release.do?id=2114414&sourceType=3 |
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