...the addition of Azarga is a welcome endorsement of the company and its projects.
Perth, Western Australia (PRWEB UK) 27 August 2013
Anatolia Energy Limited (“the Company”) is pleased to announce that Azarga Resources Limited (“Azarga”) has acquired an additional 16,678,072 ordinary shares in the Company adding to its existing interest of 850,000. Azarga now holds approximately 10.1% of the Company.
Azarga Resources Limited is a private uranium and heavy rare earths development company founded by the Hong Kong-based mining executive Alexander Molyneux. It currently owns 80% of the largest known uranium deposit in the Kyrgyz Republic, where it is the operator. Azarga has recently acquired a significant stake in Powertech Uranium Corp, owner of the Dewey-Burdock uranium ISR development project in South Dakota, USA.
Jim Graham, CEO of Anatolia Energy Limited noted “Anatolia has strong resource focussed shareholders in RMB Resources, Sprott Asset Management and Doyen Capital, and the addition of Azarga is a welcome endorsement of the Company and its projects. We look forward to working with Azarga and our other shareholders as we continue to advance the Temrezli uranium ISR project toward production.”
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