Owner
Post by Franko10 ™ on Sept 11, 2004 13:51:21 GMT -5
IUC Raises $9.0 Million In Bought Deal Private Placement
09:27 EST Monday, December 01, 2003
VANCOUVER, BRITISH COLUMBIA--NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
International Uranium Corporation (the "Company") announces that it has agreed to sell to a syndicate of underwriters led by Griffiths McBurney & Partners and including Dundee Securities Inc. and Toll Cross Securities Inc. on a "bought deal" basis 6.0 million common shares of the Company by way of private placement at Cdn$1.50 per common share for aggregate proceeds of $9.0 million. The Company has also given the underwriters an option to purchase an additional 0.7 million common shares of the company at Cdn$1.50 until closing potentially raising up to $10.05 million. The private placement is subject to regulatory approval.
International Uranium is in the business of recycling uranium-bearing waste products as an alternative to the direct disposal of these waste products. In addition, IUC is engaged in the selling of uranium recovered from these operations. IUC also sells vanadium and other metals that can be produced as a co-product with uranium. IUC, together with its affiliates, owns several uranium and uranium/vanadium mines on standby and several exploration properties.
Net proceeds of the private placement will be used towards uranium exploration in the Athabasca Basin of northern Saskatchewan as well as for general working capital purposes.
This press release shall not constitute an offer of securities for sale in the United States. Securities of International Uranium Corporation may not be offered or sold in the United States absent registration or an exemption from registration.
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
09:27 EST Monday, December 01, 2003
VANCOUVER, BRITISH COLUMBIA--NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
International Uranium Corporation (the "Company") announces that it has agreed to sell to a syndicate of underwriters led by Griffiths McBurney & Partners and including Dundee Securities Inc. and Toll Cross Securities Inc. on a "bought deal" basis 6.0 million common shares of the Company by way of private placement at Cdn$1.50 per common share for aggregate proceeds of $9.0 million. The Company has also given the underwriters an option to purchase an additional 0.7 million common shares of the company at Cdn$1.50 until closing potentially raising up to $10.05 million. The private placement is subject to regulatory approval.
International Uranium is in the business of recycling uranium-bearing waste products as an alternative to the direct disposal of these waste products. In addition, IUC is engaged in the selling of uranium recovered from these operations. IUC also sells vanadium and other metals that can be produced as a co-product with uranium. IUC, together with its affiliates, owns several uranium and uranium/vanadium mines on standby and several exploration properties.
Net proceeds of the private placement will be used towards uranium exploration in the Athabasca Basin of northern Saskatchewan as well as for general working capital purposes.
This press release shall not constitute an offer of securities for sale in the United States. Securities of International Uranium Corporation may not be offered or sold in the United States absent registration or an exemption from registration.
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
