Continental Precious Minerals Inc.
TSX : CZQ

Continental Precious Minerals Inc.

August 31, 2009 10:15 ET

Continental Precious Minerals Inc.: Update on HRU Licences

TORONTO, ONTARIO--(Marketwire - Aug. 31, 2009) - Continental Precious Minerals Inc. ("Continental") (TSX:CZQ) has announced that the previously contemplated sale of its HRU licences to Uranium International Corp. announced on April 29, 2009 will not be going ahead. Continental had entered into an agreement with Uranium International in April 2009 for the purchase and sale of the HRU licences, the completion of which was subject to certain conditions. The contemplated sale had been scheduled to close today.

About Continental Precious Minerals Inc.

Continental Precious Minerals Inc. is a multi-metal exploration company with multiple interests and exploration licenses in Sweden. Since March 2005, Continental's primary goal has been to advance its Swedish assets. The company is also evaluating other opportunities as they emerge in current market conditions.

Contact Information

  • Continental Precious Minerals Inc.
    Ed Godin
    President
    (416) 805-3036
    Fax: (905) 276-4862
    godine@rogers.com