|July 26, 2010|
Berkley Resources Inc. Announces Acquisition Of Interest In American Uranium Corporation
|Berkley Resources Inc. ("Berkley" or the "Company") is pleased to announce is has acquired a 53% interest in American Uranium Corporation ("AUC") (OTCBB: ACUC). The Company paid US$470,226 in consideration for 1,068,696 common shares of AUC. AUC currently has 2,007,946 common shares issued and outstanding.|
American Uranium Corporation is a Nevada-based uranium exploration and development company with one project in the United States.
"The investment in American Uranium represents a key first step in our diversification strategy," said Berkley President and CEO Matt Wayrynen. "We believe AUC will add to shareholder value by providing opportunities in the energy industry outside of oil and gas."
Berkley Resources Inc. is a growth-oriented, junior oil and gas company with production, development and exploration assets in Alberta and Saskatchewan, Canada.
ON BEHALF OF THE BOARD
President and Chief Executive Officer
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