Uranium Energy to buy Pacific Road-owned Reno Creek Holdings

Uranium Energy Corp (NYSE: UEC) has agreed to acquire all of the issued and outstanding shares of Reno Creek Holdings Inc, a Vancouver-based uranium mining and exploration company. The deal, expected to close in July, will see UEC acquire Reno Creek and its Reno Creek in-situ recovery project in Wyoming, by issuing shares and warrants to the company's owner, Pacific Road Capital Management. Pacific Road, an Australian mining private equity firm, acquired Reno Creek and its project in 2010 and currently has a 97.27 percent ownership interest.

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