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...)
| ||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
Email: [email protected]
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.
You can view the Next News Releases item: Tue Apr 15, 2008, Uranium North Targets 24 Metre Thick Uranium Mineralized Zone at Hawk Lake
You can view the Previous News Releases item: Wed Feb 20, 2008, Uranium North Identifies New High-Grade Uranium Target at KAM
You can return to the main News Releases page, or press the Back button on your browser.