NWT Uranium responds to unsolicited takeover bid

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[{"type":"text","content":"\n\n\n\nTORONTO, Dec. 17 /CNW/ - NWT Uranium Corp. (TSX-V: NWT; OTCBB: NWURF)\ntoday announced that it has received an unsolicited proposal from a third\nparty to enter into a transaction pursuant to which that third party would\nacquire all of NWT's outstanding shares for consideration consisting of\nsecurities of that third party.\n\n\nThe Board of Directors of NWT have determined, after review, that the\nacquisition proposal is unlikely to result in a transaction that is more\nfavorable to NWT's share holders, from a financial point of view, than the\npreviously announced transaction with Nu-Mex Uranium Corp. The board has\nadvised the third party that it does not intend to enter into negotiations\nconcerning the acquisition proposal.\n\n\nABOUT NWT URANIUM:\n\n\nNWT Uranium Corp. (www.nwturanium.com) is an international resource\nexploration company with an experienced, highly technical management team.\nSince its inception, NWT has concentrated on the acquisition of properties\nwith potential uranium targets. NWT Uranium is listed on the NASD Bulletin\nBoard under the symbol "NWURF" and the TSX Venture Exchange under the symbol\n"NWT."\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\n\n\nresponsibility for the adequacy or accuracy of this news release.\n\n\nThis news release includes certain "forward looking statements" within\nthe meaning of the United States Private Securities Litigation Reform Act of\n1995. Without limitation, statements regarding potential mineralization and\nresources, exploration results, and future plans and objectives of the Company\nare forward looking statements that involve various degrees of risk. The\nfollowing are important factors that could cause the Company's actual results\nto differ materially from those expressed or implied by such forward looking\nstatements: changes in the worldwide price of mineral commodities, general\nmarket conditions, risks inherent in mineral exploration, risks associated\nwith development, construction and mining operations, the uncertainty of\nfuture profitability and the uncertainty of access to additional capital.\n\n\n","length":2218,"tagName":"div"}]

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