Strateco Resources Inc. (TSX:RSC) agreed to spin-off 75% stake of SeqUr Exploration Inc. on December 19, 2014. Strateco shareholders will receive 0.069032 shares for each share of Strateco held. On January 8, 2015, Computershare will distribute the shares to the Strateco shareholders of record on the record date, being December 30, 2014. Following the completion of the distribution, the Strateco will not retain any significant interest in SeqUr. In addition, SeqUr and Denison Mines Corp. have agreed to amend the terms of the agreement for the Jasper Lake project, signed by Strateco and Denison on December 16, 2013, and transferred to SeqUr on June 10, 2014.

Following the distribution, SeqUr will be a reporting issuer with approximately 790 shareholders. On December 17, 2014, SeqUr obtained conditional approval of its application for listing on the Canadian Securities Exchange and the shares will be tradable on the CSE once SeqUr has met certain conditions following the distribution of the shares to Strateco shareholders. Once it has obtained final approval from the CSE, SeqUr will announce the first day of trading. Computershare Trust Company of Canada acted as transfer agent to SeqUr.