Uranium North Resources Corp.

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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...)





 December 07, 2007
Uranium North Announces Financing

 VANCOUVER, December 07, 2007 -- Uranium North Resources Corp. (TSX-V: UNR) announces that it intends to complete a non-brokered private placement to raise up to $1.5 million, through the sale of flow-through shares and non flow-through units, to finance exploration at the Company's projects in Canada and for general working capital.

The flow-through shares will comprise up to 1,818,182 shares at $0.55 per share (the "Flow-Through Shares").

The non flow-through units will comprise up to 1,041,667 units at $0.48 per unit (the "Units). Each Unit will consist of one common share and one-half share purchase warrant. Each whole share purchase warrant will entitle the holder to purchase one common share at a price of $0.60 for one year following the closing.

A cash finder's fee of 5% of the gross proceeds may be payable on a portion of the placement. Finders may also receive warrants (the "Finders Warrants") entitling them to purchase that number of non flow-through common shares which is equal to 7% of the number of Flow-Through Shares and/or Units sold by the Finders. The Finders Warrants will expire twelve months after the closing of the Offering. The exercise price for the Finders Warrants will be $0.60 per common share.

The Flow-Through Shares, the Units and the Finders Warrants will be subject to a hold period of four months plus one day from the closing of the Offering.

This private placement is subject to regulatory approval.

About Uranium North Resources

Uranium North is a junior mineral exploration company focused on uranium opportunities in Canada. The Company holds 100% interest in three million acres of property located within the most prospective basins in Canada. Uranium North is focusing on five key projects, one of which hosts a historical resource (non NI 43-101 compliant).


ON BEHALF OF THE BOARD OF DIRECTORS

Mark Kolebaba
President & CEO

For additional information please contact:
Uranium North Resources Corp.
Corporate Communications: Heather Kays
Telephone: (604) 484-2212
Facsimile: (604) 484-7143
Website: www.uraniumnorthresources.com
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.
 
 

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