News
CORRECTION TO NEWS RELEASE DATED OCTOBER 9, 2007
October 9, 2007
Tribune Uranium Corp. (TSX-V: TCB) (Frankfurt: S8QA) (the “Company”) (“Tribune”) wishes to clarify its earlier news release dated October 9th, 2007 announcing that the Company has entered into two letters of intent (“LOI”) with W.S. Ferreira Ltd., whereby Tribune will have the right to acquire a 100-per-cent interest in the Green Claims and a 100-per-cent interest in the Quartz Claims, located in the Reed Lake Mining District of Manitoba.
The Company inadvertently omitted details of a finder’s fee being paid.
Under the terms of each LOI, Tribune may earn a 100-per-cent undivided interest in each property by paying the holder $170,000 cash and issuing an aggregate of 500,000 common shares over a 5 year period. Tribune's interest in each property will be subject to a 2% net smelter royalty. The LOI provides for Tribune to have a period of 90 days in which to conduct due diligence with respect to each property.
A finder’s fee of $50,000 will be issued to an arm’s length party in connection with each agreement, for an aggregate amount of $100,000. The transaction is subject to final TSX approval.
Tribune Uranium Corp. is a Canadian exploration company committed to the strategic acquisition of drill ready projects. Led by an experienced management team, the Company plans to aggressively explore its current portfolio of highly prospective properties. The Company headquarters are in Vancouver, BC and shares are traded on the TSX Venture Exchange (TCB) and the Frankfurt Exchange (S8QA).
To find out more about Tribune Uranium Corp., please contact Graham Harris, Chairman and CEO, at 604-662-8183 or email investor@tribuneuranium.com. You may also visit our website at www.tribuneuranium.com
TRIBUNE URANIUM CORP.
“Graham Harris”
Graham Harris
Chairman and CEO
The TSX Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of this News Release.
