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Post by Franko10 ™ on Sept 11, 2004 13:48:23 GMT -5
International Uranium Corporation: Private Placement Closed 15:35 EST Wednesday, November 12, 2003 VANCOUVER, BRITISH COLUMBIA--International Uranium Corporation (the "Company") reports that the previously announced private placement of up to an aggregate of 2 million Flow Through Common Shares at a price of Cdn $1.10 per share for gross proceeds of Cdn $2.2 million has closed. The proceeds of the private placement will be used to fund an exploration program on the 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. Regulatory approval has been received and the securities have now been issued to the investors. 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
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