Ucore Uranium announces $3.0 million private placement

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Fri, Jul 3, 2009
Uranium Company News
Post by Melissa Pistilli, Uranium Reporter

Ucore Uranium reports that it has arranged a non-brokered private placement of up to 15.0 million units at $0.20 per unit, for maximum gross proceeds of $3,000,000.

The net proceeds of the financing will be used to advance exploration on the Company’s properties, focusing on the Company’s Bokan Mountain property, and for general working capital.

The financing is scheduled to close on or about July 17, 2009 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange (”TSX-V”).

For full details of this press release, click this link.

To view Ucore Uranium’s company profile, click here.

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