Business
Western Uranium Appoints Patrick Siglin VP Development and George Glasier, President & CEO Provides Update
TORONTO, ONTARIO and NUCLA, COLORADO--(Marketwired - Feb. 16, 2016) - George Glasier, President & CEO of Western Uranium Corporation (CSE:WUC) ('Western' or the
About this update from Western Uranium & Vanadium Corp.
[{"type":"text","content":" TORONTO, ONTARIO and NUCLA, COLORADO--(Marketwired - Feb. 16, 2016) - George Glasier, President & CEO of Western Uranium Corporation (CSE:WUC) ('Western' or the 'Company') is pleased to announce that the Board of Directors has appointed Patrick Siglin as Vice-President Development of Western Uranium Corporation. George Glasier, President & CEO of Western commented \"Pat Siglin came to Western upon completion of the previously announced acquisition of Black Range Minerals Limited (Black Range). Pat, while at Black Range had primary responsibility for the development of the Ablation Technology, as well as oversight of the development of the Hansen/Taylor Uranium Deposit. Pat is a graduate of the University of Iowa with a degree in geology. Pat's knowledge and experience will be indispensable in bringing the Ablation Process into production at the Company's mines. Pat will also head up the Company's exploration program and work closely with Western's staff to move into production.\" As part of our cost reduction measures, Catherine Becket will be replaced as Corporate Secretary by Denis Frawley. Catherine was Corporate Secretary at the predecessor company Homeland Uranium Inc. and was integral in the transition of Homeland into Western Uranium. The Board thanks Catherine for her professionalism and diligence during the transition. The Board of Directors has decided to pursue an additional listing of Western stock in the United States. The Company has engaged a U.S. law firm to act as Special U.S. counsel and Principal American Liaison for an application for listing on the OTCQX. Western is also in the process of receiving a shipment of African uranium ore for testing to determine how the Ablation Process can improve the economics of this large fully-developed deposit in Africa. Western has been working with Black Range creditors in Australia and the United States and has sought accommodation in the payment of the outstanding Black Range payables until further funds are raised. Management hopes that Western will be able to finalize such a raise within the next 60 to 90 days. Western has arranged extension agreements on both a short-term loan and note payable until June 2016. The $250,000 short-term loan was entered into on October 1, 2015 and had an original due date of December 15, 2015 prior to being extended to June 16, ...