Owner
Post by Franko10 ™ on Sept 11, 2004 13:46:57 GMT -5
International Uranium Corporation: Private Placement
16:07 EDT Thursday, October 23, 2003
VANCOUVER, BRITISH COLUMBIA--International Uranium Corporation (the "Company") announces that it has agreed to sell on a private placement basis up to an aggregate of 2 million Flow Through Common Shares at a price of $1.10 per share for gross proceeds of $2.2 million.
The net proceeds of the private placement will be used to fund an exploration program on the recently announced Moore Lake Uranium Project and other projects located in the Athabasca Basin of northern Saskatchewan. The Company will use its best efforts to ensure that the exploration expenditures qualify for the investment expenditure credits. The foregoing private placement is subject to regulatory approval.
ON BEHALF OF THE BOARD
Ron F. Hochstein, President
FOR FURTHER INFORMATION PLEASE CONTACT:
International Uranium Corporation
Sophia Shane
Corporate Development
(604) 689-7842
(604) 689-4250 (FAX)
Website: www.intluranium.com
16:07 EDT Thursday, October 23, 2003
VANCOUVER, BRITISH COLUMBIA--International Uranium Corporation (the "Company") announces that it has agreed to sell on a private placement basis up to an aggregate of 2 million Flow Through Common Shares at a price of $1.10 per share for gross proceeds of $2.2 million.
The net proceeds of the private placement will be used to fund an exploration program on the recently announced Moore Lake Uranium Project and other projects located in the Athabasca Basin of northern Saskatchewan. The Company will use its best efforts to ensure that the exploration expenditures qualify for the investment expenditure credits. The foregoing private placement is subject to regulatory approval.
ON BEHALF OF THE BOARD
Ron F. Hochstein, President
FOR FURTHER INFORMATION PLEASE CONTACT:
International Uranium Corporation
Sophia Shane
Corporate Development
(604) 689-7842
(604) 689-4250 (FAX)
Website: www.intluranium.com
