NU-MEX URANIUM CORP. AND NWT URANIUM CORP. SIGN LETTER AGREEMENT FOR A BUSINESS COMBINATIONLetter Agreement • November 19th, 2007 • Nu-Mex Uranium Corp. • Metal mining
ALBUQUERQUE, NM/VANCOUVER, BC/ November 19, 2007/ PRPresswire-FirstCall/Effective/ Nu-Mex Uranium Corp. ("Nu-Mex") and NWT Uranium Corp. ("NWT") have today entered into a letter agreement (the "Letter Agreement") that contemplates the acquisition of NWT by Nu-Mex. The Letter Agreement requires that the two companies enter into a definitive agreement no later than December 20, 2007, and that the definitive agreement will contain customary conditions to closing, including the required approvals from the Ontario Court of Superior Justice, the TSX Venture Exchange (the "Exchange") and the shareholders of NWT. The proposed transaction is also subject to Nu-Mex arranging a financing of not less than $10 million and up to $25 million which is to close concurrently with the completion of the transaction. Additionally, the proposed transaction is subject to NWT's receipt of a favourable fairness opinion and to the shares of common stock of Nu-Mex being listed on a Canadian stock exchange.
