ALBUQUERQUE, NM, and VANCOUVER, BC, Feb. 13 /CNW/ - Nu-Mex Uranium Corp.
("Nu-Mex") and NWT Uranium Corp. ("NWT") announced today that as a result of
market circumstances the companies have mutually agreed to terminate the
arrangement pursuant to which Nu-Mex was to acquire 100% of the securities of
NWT pursuant to a court approved plan of arrangement (which was previously
announced on December 20, 2007). NWT and Nu-Mex have signed a termination and
mutual release agreement pursuant to which each party released the other from
all liabilities and obligations relating to the arrangement.
ABOUT NWT URANIUM CORP:
NWT Uranium Corp. is an international resource exploration company with
an experienced, highly technical management team. Since its inception, NWT has
concentrated on the acquisition of properties with potential uranium targets.
Symbol: OTCBB - NWURF; TSX Venture - NWT
ABOUT NU-MEX URANIUM CORP:
Nu-Mex Uranium Corp. is an exploration stage uranium mining company with
corporate offices in London, England, and operational offices in New Mexico,
USA. Its foundational assets are located in the southwest United States.
Nu-Mex is focused on uranium resources that can be brought to near-term
Symbol: OTCBB - NUMX; Frankfurt AN4, WKN NO. A0MUN4.
SAFE HARBOR STATEMENTS:
This press release contains "forward-looking information" that is based
on the parties' current expectations, estimates, forecasts and projections.
This forward-looking information includes, among other things, statements with
respect to Nu-Mex's proposed business combination with NWT. The words "may",
"would", "could", "should", "will", "likely", "expect," "anticipate,"
"intend", "estimate", "plan", "forecast", "project" and "believe" or other
similar words and phrases are intended to identify forward-looking
information. Forward-looking information is subject to known and unknown
risks, uncertainties and other factors that may cause the parties' actual
results, level of activity, performance or achievements to be materially
different from those expressed or implied by such forward-looking information.
Such factors include, but are not limited to: future plans and objectives of
NWT and Nu-Mex, including future exploration and development. This list is not
exhaustive of the factors that may affect our forward-looking information.
These and other factors should be considered carefully and readers should not
place undue reliance on such forward-looking information. Both parties
disclaim any intention or obligation to update or revise forward-looking
information, whether as a result of new information, future events or
This press release has been prepared by management of the parties who
takes full responsibility for its contents. Each of the TSX Venture Exchange,
the NASD, the SEC and the OTCBB neither approves nor disapproves of the
contents of this press release. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy nor shall there be any
sale of these securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
For further information:
For further information: www.nwturanium.com; Marek J. Kreczmer, M.Sc.,
P.Eng., President and CEO, NWT Uranium Corp., (866) 437-9551 or (416)
489-0092, firstname.lastname@example.org; www.nu-mexuranium.com; D. Bruce Horton,
President and CEO, Nu-Mex Uranium Corp., (505) 842-5537; Contact North
America: Investor Relations, Tel.: (866) 676-0153; Contact Europe: Investor
Relations, Tel.: +44-20-7665-1646