Landmark Minerals Inc.
TSX VENTURE : LML

Landmark Minerals Inc.

July 13, 2007 16:38 ET

Landmark and Ucore Sign Formal Arrangement Agreement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 13, 2007) - Landmark Minerals Inc. (TSX VENTURE:LML) and Ucore Uranium Inc. (TSX VENTURE:UCU) are pleased to announce that the formal Arrangement Agreement relating to the previously announced merger transaction between the two companies has been signed.

Under the terms of the Arrangement, all of the outstanding common shares of Landmark will be exchanged for common shares of Ucore on the basis of 0.68 Ucore shares for every 1 share of Landmark. Completion of the transaction is subject to certain conditions, including approval of the Landmark shareholders and acceptance for filing by the TSX Venture Exchange.

The Arrangement Agreement was unanimously approved by the Special Committees and Boards of Directors of both Landmark and Ucore. The Landmark Special Committee and Board of Directors received and considered a fairness opinion of PI Financial Corp. regarding the transaction. A meeting of Landmark shareholders has been called for August 10, 2007 to consider the Arrangement, and the Notice of Meeting and Management Information Circular will be sent out early next week. The Information Circular will contain the recommendation of Landmark's Board of Directors that the Landmark shareholders approve the transaction and will also include the fairness opinion. If the Landmark shareholders approve the Arrangement and all other conditions, including requisite regulatory approvals, are satisfied, completion of the Arrangement is expected to occur on or about August 18, 2007.

ON BEHALF OF THE BOARD OF LANDMARK MINERALS INC.

Harmen J. Keyser, P.Geol., President

The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release.

Contact Information

  • Landmark Minerals Inc.
    Harmen J. Keyser, P.Geol.
    President
    (604) 801-5432
    (604) 662-8829 (FAX)
    Website: www.landmarkminerals.com