03:54 PM EST - European Uranium Resources Ltd. : and Portex Minerals Inc. announce that they have entered into a binding Letter of Intent dated December 6, to merge through a plan of arrangement under which EUU will acquire all of the outstanding common shares of PAX in exchange for EUU common shares. The merged company will be named European Minerals Inc. and will be a Europe-focused company with a diverse, multi-commodity portfolio of exciting exploration and development projects. European Uranium Resources Ltd.
shares V.EUU are trading unchanged at $0.12.
