2006 DDN (Pre-listing)
2005 DDN (Pre-listing)
Feb 19, 2013
: Amalgamation of Uranium North and Diamonds North C... (more...)Feb 08, 2013
: Uranium North and Diamonds North Shareholders Appr... (more...)Dec 05, 2012
: Uranium North and Diamonds North Agree to a Strate... (more...)Nov 29, 2012
: Diamonds North and Uranium North Report Trenching ... (more...)Oct 23, 2012
: Diamonds North and Uranium North Report Acquisitio... (more...)Oct 18, 2012
: Diamonds North and Uranium North Report High Gold ... (more...)Oct 11, 2012
: Uranium North and Diamonds North Announce Trenchin... (more...)Oct 04, 2012
: Gold Target Areas Identified on the Poland China P... (more...)Sep 18, 2012
: Uranium North And Diamonds North To Evaluate Gold ... (more...)Aug 22, 2012
: Uranium North Receives Graphite Results for the Am... (more...)
| ||April 09, 2008|
Uranium North Extends Terms Of Loan Agreement
| ||Vancouver, April 9, 2008 --Uranium North Resources Corp (UNR -- TSX-V) announces that it has entered into an agreement with Diamonds North Resources Ltd. ("DDN") pursuant to which the Company and DDN have agreed to amend the terms of a loan agreement dated March 14, 2006 (the "Loan Agreement"). Pursuant to the Loan Agreement, DDN advanced a loan to the Company in the principal amount of $300,000 bearing interest at 5% per annum. The principal and interest due under the Loan Agreement became due on March 15, 2008. DDN held the right to convert the principal and interest into common shares of the Company at a conversion price equal to $0.75 per share.|
The Company and DDN have agreed to amend the terms of the Loan Agreement to extend the due date for repayment of the principal and interest to December 31, 2008. The amendment further provides that the conversion price under the Loan Agreement be reduced from $0.75 per share to $0.54 per share. The Company will also pay an administration fee in the amount of $6,000 to DDN.
The amendment to the Loan Agreement is subject to acceptance by the TSX Venture Exchange.
Uranium North holds 100% interest in properties located within the most prospective uranium basins in Canada, namely the Athabasca and Thelon Basins and is focused on discovery.
On behalf of Uranium North Resources
Mark Kolebaba President and CEO
Uranium North Resource Corp
Corporate Communication- Heather Kays
Fax: 604- 484-7143
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that Uranium North Resources Corp (the "Company") expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
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