February ___, 2014 – NX Capital Co
BATON ROUGE, LA, United States, via ETELIGIS INC., 02/10/2015 – – NX Uranium, Inc. (OTC Pink: NXUR) (PINKSHEETS: NXUR), announced today the Company has executed a Letter of Intent to purchase Section 16, a Utah State Mineral Lease encompassing 489 acres located in South East Utah, in the San Rafael Mining District. The Company has until April 31, 2015 to complete its due diligence and review of historical data and mining estimates. Subsequent to completing the due diligence process, the Company will execute a formal Purchase Agreement and pay a deposit of $5,000 and issue 100,000 shares of the company’s common stock. Subject to due diligence, the transaction will close on or before July 31, 2015 whereby the Company agrees to pay an additional $45,000 and issue 140,000 shares of the company’s common stock. The lease is being purchased from Kelly Dearth in a Related Party transaction, who is the Company’s COO, and Treasurer and Secretary on the Board.
John Conroy CEO commented, “This is a great acquisition and Mr. Kelly Dearth deserves all the credit for offering it to the company.” Mr. Death stated, “I have owned this lease for several years and feel this acquisition symbolizes the commencement of our new business model.” Mr. Conroy further stated, “Timing is everything when building a successful company and all indicators point to the fact that now is the time to launch. The Uranium sector is heating up and new eyes are looking for investment opportunities as signaled by the recent rebounding of the Uranium spot price. Investors have been waiting for a signal the Uranium industry had started its rebound, and that signal was realized when Japan decided to reengage its Nuclear Energy program.
It has been a long wait but we have assembled a great team of professionals to help us complete the first phase of our business model. The Company has completed its reorganization and the Private Placement Memorandum needed to secure the first round of funding. We have hired Newport Capital Consultants to assist us with Investor Relations and Uptick Capital to assist us with our business strategies.”
When asked about the Company’s progress, Mr. Conroy stated, “Our next goal is to get the company to fully reporting status so we can move from the Pinks to the OTCQB. That move gives the Company more credibility and transparency among our investors.”
NX Uranium, Inc. is seeking to develop its operations in the Uranium industry, with a focus in the Western United States. At the time of this release, the Company is currently identifying potential property acquisitions. Management cannot make any guarantees that it will be able to identify and close any such acquisition(s).
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with mining and energy exploration and development stage exploration companies including without limitation, other risks associated with private companies. At the time of the press release, the Company is not registered with the Securities and Exchange Commission (SEC) and does not have available for public dissemination its financial reports or other disclosure information.
John Conroy, CEO
SOURCE: NX Uranium, Inc.