Owner
Post by Franko10 ™ on Sept 11, 2004 13:54:34 GMT -5
International Uranium Announces Closing of $10 Million Financing
11:58 EST Tuesday, December 16, 2003
VANCOUVER, BRITISH COLUMBIA--NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
(all figures in Canadian dollars unless otherwise stated)
International Uranium Corporation (IUC - TSX) (the "Company") is pleased to announce that it has today closed its underwritten private placement common share offering announced on December 1, 2003. The total offering, including the exercise of the underwriters' option, was for 6,700,000 common shares at a price of $1.50 per common share and realized gross proceeds of $10,050,000.
A syndicate lead by GMP Securities Ltd. and including Dundee Securities Corporation and Toll Cross Securities Inc., acted as underwriters in connection with the offering.
Net proceeds of the offering 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
11:58 EST Tuesday, December 16, 2003
VANCOUVER, BRITISH COLUMBIA--NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
(all figures in Canadian dollars unless otherwise stated)
International Uranium Corporation (IUC - TSX) (the "Company") is pleased to announce that it has today closed its underwritten private placement common share offering announced on December 1, 2003. The total offering, including the exercise of the underwriters' option, was for 6,700,000 common shares at a price of $1.50 per common share and realized gross proceeds of $10,050,000.
A syndicate lead by GMP Securities Ltd. and including Dundee Securities Corporation and Toll Cross Securities Inc., acted as underwriters in connection with the offering.
Net proceeds of the offering 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
