MURCHISON UNITED NL
                                                                                      ACN 009 087 852
                                                                       ASX CODE:  MUR,  AIM CODE: MUU
                                                       Telephone: +618 9322 4071, Fax: +618 9322 4073
                                                                                                    
                                                                                                    
                                                                        ASX, AIM and Media Release
                                                                                      29 July 2008

                                   Cash Placement To Areva Completed

The  Directors of Murchison United NL ("Murchison" or "The Company") (ASX:MUR, AIM:MUU) advise that the
placement  to  Areva  NC  ("Areva") for cash has been completed under  the  terms  of  the  Cooperation
Agreement with Areva announced on 25 June 2008.

The  placement  raised  A$2,698,732 through the issue of 20,009,611  ordinary  shares  at  a  price  of
A$0.13487179  each, equal to the 8-week Volume Weighted Average Price of Murchison's  shares  preceding
the  announcement of the Cooperation Agreement. As a result of this placement, Areva  now  holds  a  5%
stake in Murchison.

Pursuant  to  the  Cooperation Agreement, Murchison is also to issue shares to Areva  equivalent  to  a
further  10% in consideration for access to its extensive geological database on Mauritania,  including
Bir  En  Nar,  and  provision of technical services, equipment and personnel.  Arrangements  are  being
finalised for the convening of a General Meeting in order to obtain shareholder approval for this share
issue, along with ratification of the current placement.

The  funds raised through this placement, together with the information and technical resources  to  be
made  available  by Areva under the agreement, will be used by Murchison to accelerate the  exploration
and development of its portfolio of uranium projects in Mauritania, West Africa.

For  further  details of the Cooperation Agreement with Areva, please refer to the announcement  of  25
June 2008, available at our website at www.murchisonunited.com.au.

Murchison  hereby  notifies  ASX  (as the operator of the prescribed  financial  market  on  which  the
Murchison  ordinary shares are quoted) under section 708A(5)(e) of the Corporations  Act  2001  ("Act")
that:
1.        The Company issued the shares referred to in the enclosed Appendix 3B without disclosure to
          investors under Part 6D.2 of the Act.
2.        At the date of this notice:
            (a)       the Company has complied with the provisions of Chapter 2M of the Act as they apply to the
                      Company; and
            (b)       the Company has complied with section 674 of the Act.
3.        At the date of this notice there is no excluded information (as that expression is defined in
          sub-sections 708A(7) and 708A(8) of the Act) in relation to the Company.

Application has also been made to the AIM market of the London Stock Exchange ('AIM') for admission  to
trading of these ordinary shares.


Please call Mark Reilly with any queries.







..........
Mark Reilly
Managing Director



Murchison's Nominated Advisor for the AIM market is RFC Corporate Finance Ltd.
Contact: Stuart Laing, Ph: +618 9480 2506

                                              Appendix 3B
                                                   
                                        New issue announcement,
                          application for quotation of additional securities
                                             and agreement

Information or documents not available now must be given to ASX as soon as available.  Information and
documents given to ASX become ASX's property and may be made public.
Introduced  1/7/96.   Origin:  Appendix  5.   Amended 1/7/98, 1/9/99, 1/7/2000,  30/9/2001,  11/3/2002,
          1/1/2003, 24/10/2005.


Name of entity
Murchison United NL

ABN
59 009 087 852

We (the entity) give ASX the following information.


Part 1 - All issues
You must complete the relevant sections (attach sheets if there is not enough space).

 1    +Class of +securities issued or  to   Fully paid ordinary shares
      be issued
      
                                            
 2    Number  of +securities issued or to   20,009,611
      be  issued  (if known)  or  maximum
      number which may be issued
      
                                            
 3    Principal  terms of the +securities   Ordinary shares
      (eg, if options, exercise price and   
      expiry   date;   if   partly   paid   
      +securities, the amount outstanding   
      and  due  dates  for  payment;   if
      +convertible    securities,     the
      conversion  price  and  dates   for
      conversion)

                                            
 4    Do  the +securities rank equally in   Yes
      all  respects  from  the  date   of
      allotment  with an existing  +class
      of quoted +securities?
      
      If the additional securities do not
      rank equally, please state:
      *          the date from which they
         do
      *          the extent to which they
         participate for the next dividend,
         (in   the   case  of  a   trust,
         distribution) or interest payment
      *          the extent to which they
         do not rank equally, other than in
         relation  to the next  dividend,
         distribution or interest payment
                                            
 5    Issue price or consideration          A$0.13487179 per share
      
                                            
 6    Purpose of the issue                  Working capital
      (If issued as consideration for the
      acquisition   of  assets,   clearly
      identify those assets)
      
      
      
                                           
 7      Dates   of  entering  +securities   28 July 2008
        into  uncertificated holdings  or
        despatch of certificates
        
        
                                            
                                            Number                    +Class
 8      Number   and   +class   of    all   400,192,228               Ordinary Shares
        +securities   quoted    on    ASX
        (including   the  securities   in
        clause 2 if applicable)
        
        
        


                                            Number                    +Class
 9      Number   and   +class   of    all   2,250,000                 25 cent partly paid
        +securities  not  quoted  on  ASX                             ordinary shares paid to
        (including   the  securities   in                             1 cent
        clause 2 if applicable)                                       
                                            23,000,000                Unquoted options
                                                                      
                                            
                                            
 10     Dividend policy (in the case of a   Not applicable
        trust,  distribution  policy)  on
        the increased capital (interests)


Part 2 -  Bonus issue or pro rata issue

 11     Is    security   holder   approval   
        required?
        
                                             
 12     Is  the issue renounceable or non-   
        renounceable?
                                             
 13     Ratio  in  which  the  +securities   
        will be offered
                                             
 14     +Class of +securities to which the   
        offer relates
                                             
 15     +Record    date    to    determine   
        entitlements                         
                                             
 16     Will    holdings   on    different   
        registers  (or  subregisters)   be
        aggregated     for     calculating
        entitlements?
                                             
 17     Policy  for  deciding entitlements   
        in relation to fractions
        
                                             
 18     Names  of  countries in which  the   
        entity  has +security holders  who
        will   not   be  sent  new   issue
        documents
        Note:  Security  holders  must  be
        told how their entitlements are to
        be dealt with.
        Cross reference: rule 7.7.
                                             
 19     Closing   date  for   receipt   of   
        acceptances or renunciations

                                             
 20     Names of any underwriters            
        
        
                                             
 21     Amount of any underwriting fee  or   
        commission
                                             
 22     Names of any brokers to the issue    
        
        
                                             
 23     Fee  or commission payable to  the   
        broker to the issue
                                             
 24     Amount of any handling fee payable   
        to  brokers  who lodge acceptances
        or   renunciations  on  behalf  of
        +security holders
                                             
 25     If  the  issue  is  contingent  on   
        +security  holders' approval,  the
        date of the meeting
                                             
 26     Date  entitlement  and  acceptance   
        form  and  prospectus  or  Product
        Disclosure Statement will be  sent
        to persons entitled
                                             
 27     If  the entity has issued options,   
        and   the  terms  entitle   option
        holders    to    participate    on
        exercise,   the  date   on   which
        notices  will  be sent  to  option
        holders
                                             
 28     Date rights trading will begin (if   
        applicable)
                                             
 29     Date  rights trading will end  (if   
        applicable)
        
        
                                             
 30     How   do  +security  holders  sell   
        their entitlements in full through
        a broker?
                                             
 31     How do +security holders sell part   
        of  their  entitlements through  a
        broker and accept for the balance?
                                             


 32     How  do  +security holders dispose   
        of  their entitlements (except  by
        sale through a broker)?
                                             
 33     +Despatch date                       
        
        


Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation of securities

 34     Type of securities
        (tick one)
        
 (a)    X     Securities described in Part 1
              

 (b)          All other securities
               Example:  restricted  securities at the end of the  escrowed  period,  partly  paid
              securities  that  become  fully  paid,  employee  incentive  share  securities  when
              restriction   ends,  securities  issued  on  expiry  or  conversion  of  convertible
              securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities


Tick   to   indicate   you  are   providing   the              
information or documents


35            If  the  +securities are +equity securities, the names of the 20 largest holders  of
              the  additional +securities, and the number and percentage of additional +securities
              held by those holders
                        
36      X     If   the  +securities  are  +equity  securities,  a  distribution  schedule  of  the
              additional +securities setting out the number of holders in the categories
              1 - 1,000                                                        Nil
              1,001 - 5,000                                                    Nil
              5,001 - 10,000                                                   Nil
              10,001 - 100,000                                                 Nil
              100,001 and over                                                   1
                        
37            A copy of any trust deed for the additional +securities


Entities that have ticked box 34(b)

38      Number  of  securities  for   which  
        +quotation is sought
        
                                             
39      Class   of  +securities  for  which  
        quotation is sought
        
                                             
40      Do  the +securities rank equally in  
        all  respects  from  the  date   of
        allotment  with an existing  +class
        of quoted +securities?
        
        If the additional securities do not
        rank equally, please state:
        *          the date from which they
           do
        *          the extent to which they
           participate for the next dividend,
           (in   the   case  of  a   trust,
           distribution) or interest payment
        *          the extent to which they
           do not rank equally, other than in
           relation  to the next  dividend,
           distribution or interest payment
                                             
41      Reason  for  request for  quotation  
        now
        Example:  In the case of restricted
        securities,   end  of   restriction
        period
        
        (if   issued  upon  conversion   of
        another  security, clearly identify
        that other security)

                                             
                                             Number                     +Class
42      Number    and   +class    of    all                             
        +securities    quoted    on     ASX
        (including the securities in clause
        38)
        
        
        



Quotation agreement

1       +Quotation  of our additional +securities is in ASX's absolute discretion.  ASX may  quote  the
        +securities on any conditions it decides.

2       We warrant the following to ASX.

                The  issue  of  the +securities to be quoted complies with the law and is  not  for  an
                illegal purpose.

                There is no reason why those +securities should not be granted +quotation.

                An  offer  of  the  +securities for sale within 12 months after their  issue  will  not
                require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
                Note:  An  entity  may need to obtain appropriate warranties from subscribers  for  the
                securities in order to be able to give this warranty

                Section  724  or  section  1016E  of  the  Corporations  Act  does  not  apply  to  any
                applications received by us in relation to any +securities to be quoted and  that  no-
                one  has any right to return any +securities to be quoted under sections 737,  738  or
                1016F  of  the  Corporations Act at the time that we request that the  +securities  be
                quoted.
        
                If  we  are  a trust, we warrant that no person has the right to return the +securities
                to  be  quoted under section 1019B of the Corporations Act at the time that we request
                that the +securities be quoted.

3       We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or
        expense arising from or connected with any breach of the warranties in this agreement.

4       We  give  ASX  the  information and documents required by this form.   If  any  information  or
        document  not  available now, will give it to ASX before +quotation of the +securities  begins.
        We  acknowledge that ASX is relying on the information and documents.  We warrant that they are
        (will be) true and complete.





Sign here:          ................................Date:....29/07/2008.....................
                    (Director)


Print name:         M D Reilly.........................................................

                                            == == == == ==

                                                                
Murchison United N.L



                                                                

Murchison United Nl (LSE:MUU)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024 Haga Click aquí para más Gráficas Murchison United Nl.
Murchison United Nl (LSE:MUU)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024 Haga Click aquí para más Gráficas Murchison United Nl.