2006 DDN (Pre-listing)
2005 DDN (Pre-listing)
Feb 01, 2010
: Uranium North Identifies Gold Potential on KAM Pro... (more...)Jan 12, 2010
: Uranium North Identifies 24.62 g/t Gold on its Tas... (more...)Nov 25, 2009
: Uranium North Announces Option Grants (more...)Nov 18, 2009
: Uranium North Featured on CEO Clips on the Biograp... (more...)Sep 24, 2009
: Uranium North Files NI 43-101 Report on Amer Lake... (more...)Aug 06, 2009
: Uranium North Outlines 19.3 Million Pound U3O8 Inf... (more...)Jun 23, 2009
: Uranium North Completes Flow-Through Financing (more...)Jun 10, 2009
: Uranium North Identifies High Priority Targets on ... (more...)May 28, 2009
: Uranium North Announces Financing (more...)May 27, 2009
: Uranium North Completes Phase 1 Drilling at Amer L... (more...)
| ||September 06, 2006|
Uranium North Announces Brokered Private Placement
| ||VANCOUVER, September 6th, 2006 - Uranium North Resources Corp. announces that it has entered into an agreement with Loewen, Ondaatje, McCutcheon Limited and Pacific International Securities Inc. ("Agents") to act as co-lead agents of a syndicate which includes Haywood Securities Inc., Blackmont Capital Inc. and Clarus Securities Inc., in connection with a private placement financing of up to $6,600,000 (the "Offering") on a best efforts basis. |
The private placement will comprise of units (the "Units") at $0.75 per Unit. Each Unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole share purchase warrant will entitle the holder to purchase one common share at a price of $0.95 per common share for a period of twelve months after the closing of the Offering. At the option of Uranium North, it may grant the Agents an over-allotment option to place up to a further 10% of the total number of Units sold under the Offering at the Unit price for closing concurrent with the closing of the Offering.
The Agents will be paid a fee equal to 6% of the gross proceeds of the Offering, payable in cash or units having the same composition and terms as the placees' Units. The Agents will also receive warrants (the "Agents Warrants") entitling them to purchase that number of common shares which is equal to 7% of the number of Units sold. The Agents Warrants will be exercisable for twelve months after the closing of the Offering at a price of $0.95 per common share.
The gross proceeds of the financing will be used for the exploration of the Company's projects and for working capital.
This private placement is subject to regulatory approval.
Uranium North will be applying to list its common shares on the TSX Venture Exchange and it has had preliminary discussions and made filings with the Exchange in anticipation of shortly filing its formal application to list.
ON BEHALF OF THE BOARD OF DIRECTORS
CEO, Uranium North Resources Corp.
Corporate Communications: Nancy Curry
Uranium North Resources Corp.
Telephone: (604) 689-2010
Facsimile: (604) 484-7143
Email: [email protected]
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
You can view the Next News Releases item: Wed Oct 11, 2006, Uranium North Announces Option Grants
You can view the Previous News Releases item: Thu Aug 31, 2006, Airborne Geophysical Survey Completed on Thelon UNR Project
You can return to the main News Releases page, or press the Back button on your browser.