Owner
Post by Franko10 ™ on Sept 11, 2004 13:51:49 GMT -5
International Uranium Corporation raises $9.0 million in bought deal private placement
09:29 EST Monday, December 01, 2003
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION
IN THE UNITED STATES/
TORONTO, Dec. 1 /CNW/ - 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 Corporation. and Toll Cross Investments 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: Contact: Sophia Shane, Corporate Development, Tel: (604) 689-7842, Fax: (604) 689-4250, 2101, 885 West Georgia Street, Vancouver, British Columbia, Canada, V6C 3E8, www.intluranium.com/
09:29 EST Monday, December 01, 2003
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION
IN THE UNITED STATES/
TORONTO, Dec. 1 /CNW/ - 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 Corporation. and Toll Cross Investments 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: Contact: Sophia Shane, Corporate Development, Tel: (604) 689-7842, Fax: (604) 689-4250, 2101, 885 West Georgia Street, Vancouver, British Columbia, Canada, V6C 3E8, www.intluranium.com/
