Post by Zoinkers on Apr 5, 2007 2:37:30 GMT -5
Press Release Source: Star Uranium Corp.
Star Uranium Announces Closing of Private Placement
Tuesday February 13, 1:06 pm ET
SASKATOON, SASKATCHEWAN--(CCNMatthews - Feb. 13, 2007) - Star Uranium Corp. (TSX VENTURE:SUV - News) is pleased to announce the closing of its private placement of 4,253,055 units for total proceeds of $2,764,486.
Of these units, 2,227,055 are flow through units, each unit consisting of one flow through common share and one-half of one share purchase warrant of which one full warrant entitles the holder to purchase one additional flow through common share for a period of one year at a price of $0.75. The balance of the units are non-flow through units, each unit consisting of one non-flow through common share and one full share purchase warrant entitling the holder to purchase one additional non-flow through common share of the Company for a period of one year at a price of $0.75.
The shares, and any shares to be issued upon the exercise of the warrants, are subject to a hold period expiring June 3, 2007.
The Company also reports that it has received results from about half of the samples submitted for assay from the Company's 50% owned Anglo-Rouyn property located near La Ronge, Saskatchewan. Six holes were completed, totaling 739.5 metres. All of the holes were drilled to test copper and gold-bearing surface showings that are coincident with HELM and VLF anomalies. Values of up to 1.1 grams of gold per ton (gpt) over 0.6 metres were flanked by values up to 460 parts per billion (ppb) over 3.7 metres. Also, copper values of up to 1% were intersected over 2 metres. In addition to assaying for copper and gold, selected samples are being assayed for strontium, rubidium and gallium. Further results will be announced when received and compiled. Ivan Young, P.Geo of Saskatoon is the Qualified Person for this project.
A decision is expected soon regarding the Company's court case with Shore Gold Inc. over ownership of certain mineral claims in Saskatchewan. An announcement will be made as soon as the Company receives the decision from the courts.
For more information please visit our website at www.staruranium.com.
ON BEHALF OF THE BOARD
Rick Walker, President
The TSX Venture Exchange Does Not Accept Responsibility for the Adequacy or Accuracy of This News Release.
Contact:
Rick Walker
Star Uranium Corp.
President
(306) 244-7828
(306) 244-0042 (FAX)
Email: info@staruranium.com
Website: www.unitedcarina.com
--------------------------------------------------------------------------------
Source: Star Uranium Corp.
Star Uranium Announces Closing of Private Placement
Tuesday February 13, 1:06 pm ET
SASKATOON, SASKATCHEWAN--(CCNMatthews - Feb. 13, 2007) - Star Uranium Corp. (TSX VENTURE:SUV - News) is pleased to announce the closing of its private placement of 4,253,055 units for total proceeds of $2,764,486.
Of these units, 2,227,055 are flow through units, each unit consisting of one flow through common share and one-half of one share purchase warrant of which one full warrant entitles the holder to purchase one additional flow through common share for a period of one year at a price of $0.75. The balance of the units are non-flow through units, each unit consisting of one non-flow through common share and one full share purchase warrant entitling the holder to purchase one additional non-flow through common share of the Company for a period of one year at a price of $0.75.
The shares, and any shares to be issued upon the exercise of the warrants, are subject to a hold period expiring June 3, 2007.
The Company also reports that it has received results from about half of the samples submitted for assay from the Company's 50% owned Anglo-Rouyn property located near La Ronge, Saskatchewan. Six holes were completed, totaling 739.5 metres. All of the holes were drilled to test copper and gold-bearing surface showings that are coincident with HELM and VLF anomalies. Values of up to 1.1 grams of gold per ton (gpt) over 0.6 metres were flanked by values up to 460 parts per billion (ppb) over 3.7 metres. Also, copper values of up to 1% were intersected over 2 metres. In addition to assaying for copper and gold, selected samples are being assayed for strontium, rubidium and gallium. Further results will be announced when received and compiled. Ivan Young, P.Geo of Saskatoon is the Qualified Person for this project.
A decision is expected soon regarding the Company's court case with Shore Gold Inc. over ownership of certain mineral claims in Saskatchewan. An announcement will be made as soon as the Company receives the decision from the courts.
For more information please visit our website at www.staruranium.com.
ON BEHALF OF THE BOARD
Rick Walker, President
The TSX Venture Exchange Does Not Accept Responsibility for the Adequacy or Accuracy of This News Release.
Contact:
Rick Walker
Star Uranium Corp.
President
(306) 244-7828
(306) 244-0042 (FAX)
Email: info@staruranium.com
Website: www.unitedcarina.com
--------------------------------------------------------------------------------
Source: Star Uranium Corp.