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Written by Michael Filloon via Peter Grandich
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Thursday, 24 February 2011 08:20 |
On December 17th of last year, Fronteer Gold (FRG) announced the sale of its subsidiary corporation, Aurora Energy Resources Inc. Paladin Energy Ltd. (PALAF.PK) would acquire 100% of the uranium assets in exchange for 52.1 million common shares. This made Fronteer the largest shareholder in Paladin at 6.7%. This made the deal worth C$260.87 million. Aurora had significant uranium resources:
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