Pinon Ridge Corporation 31161 Highway 90. P.O. Box 825 Nucla, Colorado, USA Attn: George Glasier Gentlemen: RE: Definitive Agreement for the Acquisition of Pinon Ridge Resources Corporation (‘PRR’) by Western Uranium Corporation (‘Western’) as...
Exhibit 10.16
Xxxxx Ridge Corporation
00000 Xxxxxxx 00. X.X. Xxx 000
Xxxxx, Xxxxxxxx, XXX
00000-0000
Attn: Xxxxxx Xxxxxxx
Gentlemen:
RE: Definitive Agreement for the Acquisition of Xxxxx Ridge Resources Corporation (‘PRR’) by Western Uranium Corporation (‘Western’) as contemplated by the Letter of Intent dated November 2, 2017 between Western Uranium Corporation and Xxxxx Ridge Corporation (“PRC”) (the “Definitive Agreement”).
We refer to discussions between Western and the shareholders of PRC and to the Letter of Intent (the “LOI”) between Xxxxx Ridge Corporation and Western Uranium Corporation dated November 2, 2016, which sets forth the mutual intentions and understandings of the terms of a proposed transaction between the parties to be completed under the terms of a definitive agreement to be completed by March 1, 2017.
This date has now passed and, as discussed with Xxxxxx Xxxxxxx we wish to record our agreement to extend the execution of the proposed Definitive Agreement until April 30, 2017.
Please acknowledge your agreement to this extension by sign in the space set out below.
| Yours very truly: | |
| /s/ Xxxxxxx Skutezky |
AGREED this 9th day of March 2017.
/s/ Xxxxxx X.X. Xxxxxxx
Xxxxxx X.X.Xxxxxxx
cc Xxx Xxxxx CFO Western Uranium Corporation
Headquarters | 00 Xxxx Xxxxxx Xxxx, Xxxxx 000 x Xxxxxxx, Xxxxxxx X0X 0X0 | Canada
Operations | 00000 Xxx 00 Xxxx | X.X. Xxx 00 x Xxxxx, XX 00000 | United States
