Strateco Resources Inc.
TSX : RSC
FRANKFURT : RF9

Strateco Resources Inc.

November 11, 2013 08:29 ET

Strateco Resources Inc.: Minister Yves-Francois Blanchet Refuses to Deliver the Certificate of Authorisation for the Matoush Project

BOUCHERVILLE, QUEBEC--(Marketwired - Nov. 11, 2013) - On Friday, Quebec's minister of sustainable development, the environment, wildlife and parks notified Strateco Resources Inc. (TSX:RSC)(FRANKFURT:RF9) ("Strateco") that his decision is to refuse to deliver the certificate of authorisation for the Matoush underground exploration phase.

Strateco's legal counsel is presently examining the impact and reach of this decision on the legal proceedings currently underway.

Strateco intends to continue to vigorously defend the interests of its shareholders, who have invested more than $123 million in the Matoush uranium project. Strateco will keep its shareholders informed on any legal action it plans to take.

This news release contains "forward-looking statements" subject to certain risks and uncertainties. There can be no assurance that these statements will prove to be correct. Actual results and future events could differ significantly from those implied by such statements. These risks and uncertainties are discussed in Strateco's annual information form filed with the securities commissions of British Colombia, Alberta, Ontario and Quebec.

Contact Information

  • STRATECO RESOURCES INC.
    Guy Hebert, President & Chief Executive Officer
    ghebert@strateco.ca
    450.641.0775 / 1.866.774.7722
    450.641.1601 (FAX)

    STRATECO RESOURCES INC.
    Jean-Pierre Lachance, Executive & Exploration Vice President
    jplachance@strateco.ca
    450.641.0775 / 1.866.774.7722
    450.641.1601 (FAX)
    www.strateco.ca