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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Murchison Utd | LSE:MUU | London | Ordinary Share | AU000000FTE4 | NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
MURCHISON UNITED NL ACN 009 087 852 ASX CODE: MUR, AIM CODE: MUU Telephone: +618 9322 4071, Fax: +618 9322 4073 ASX, AIM and Media Release 23 October 2008 MURCHISON UNITED CHANGE OF NAME TO FORTE ENERGY Murchison United NL ("Murchison United" or the "Company") (ASX: MUR, AIM: MUU) is pleased to announce it will be seeking shareholder approval at its forthcoming Annual General Meeting to change its name to Forte Energy NL. The name change decision reflects the work of the past 18 months to establish Murchison United as an emerging West African uranium explorer. This represents a significant and positive move away from the company's original Western Australian connections. On 25 June 2008, Murchison United entered into a Cooperation Agreement with the French based, industrial and nuclear energy conglomerate Areva NC. The name change also reflects this significant development. The launch of the new brand name Forte Energy is the final stage in Murchison United's strategic repositioning plan. "The past 18 months have seen Murchison United acquire a portfolio of exciting uranium prospects in West Africa and focus on proving their prospectivity for shareholders," Managing Director, Mark Reilly said. "Changing our name to Forte Energy is a clear statement of our new strategic direction and our corporate strengths. Forte Energy represents our new direction and culture." The Company has secured an extensive portfolio of uranium exploration projects comprising some 15,500 square kilometres of highly prospective tenements in Mauritania and Guinea, West Africa. The Company is focused on harnessing the full potential of this region. Mark Reilly Managing Director For further information contact: Mark Reilly, Managing Director Murchison United N.L. Tel: +618 9322 4071 RFC Corporate Finance - Nomad Stuart Laing Tel: +618 9480 2506 Fairfax I.S. PLC - UK Broker Ewan Leggat / Laura Littley Tel: +44 207 598 5368 About Murchison United: Murchison United NL is an Australian-based company whose principal activity is minerals exploration. The Company currently has uranium exploration projects in Mauritania and Guinea in West Africa and copper interests in the Millennium copper leases in Cloncurry, Queensland and the Maroochydore copper project in Western Australia. Murchison United NL recently executed a wide-ranging Cooperation Agreement with the French-based multinational industrial and nuclear energy giant, Areva NC, to accelerate the exploration and development of its portfolio of uranium projects in Mauritania, West Africa. The agreement represents a significant endorsement of the Company's uranium exploration assets and strategy in Mauritania. Murchison United N.L
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