Uranium North Resources Corp.

2010
2009
2008
2007
2006
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...)





 May 28, 2009
Uranium North Announces Financing

 VANCOUVER, May 28, 2009 -- Uranium North Resources Corp. (TSX-V: UNR) announces that it intends to complete a non-brokered private placement to raise up to $250,000 through the sale of flow-through shares. The flow-through shares will comprise up to 2,083,333 shares at $0.12 per share (the "Offering"). The placement is to finance the Company's uranium exploration projects.

Finders Warrants may be payable on a portion of the placement. The Finders Warrants will entitle the holder to purchase that number of non flow-through common shares which is equal to 7% of the number of Flow-Through Shares 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 $0.20 per common share.

Uranium North Resources is focused on its Amer Lake project in Nunavut where a drill program has been initiated in an effort to delineate a significant uranium resource.

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) 484-7120
Facsimile: (604) 484-7143
Website: www.uraniumnorth.com
Email: [email protected]

Forward-Looking Information
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, 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, 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: Wed Jun 10, 2009, Uranium North Identifies High Priority Targets on Yathkyed Property

You can view the Previous News Releases item: Wed May 27, 2009, Uranium North Completes Phase 1 Drilling at Amer Lake, Assays Pending

You can return to the main News Releases page, or press the Back button on your browser.