Western Uranium Corporation Purchases Additional Units of Western Lithum in Private Placement
14 Octubre 2009 - 9:20AM
Marketwired Canada
Western Uranium Corporation (the "Company") (TSX VENTURE:WUC) announces that it
has purchased 1,476,000 units of Western Lithium Canada Corporation ("Western
Lithium") at a price of $0.95 per unit, pursuant to a private placement. Each
unit consisted of one common share and one-half of a share purchase warrant,
with each whole share purchase warrant being exercisable into one additional
common share of Western Lithium at a price of $1.25 per share for eighteen
months. These common shares acquired, together with the 18,209,393 common shares
of Western Lithium already owned by the Company, represent 19,685,393 common
shares, or 24.4% of Western Lithium's current issued and outstanding share
capital following the private placement. Upon exercise of the 738,000 share
purchase warrants purchased plus the 3,000,000 purchase warrants already owned
by the Company in full, the Company would own 23,423,393 common shares of
Western Lithium, or approximately 29.1% of the issued and outstanding common
shares of Western Lithium, assuming no other common shares are issued by Western
Lithium. The Company has acquired these securities for investment purposes only.
Further securities of Western Lithium may be acquired by the Company in the
market or privately from time to time.
On behalf of the Board of Western Uranium Corporation
Pamela J. Klessig, President & CEO
Western Uranium Corporation is a mineral exploration company with a focus on
uranium. The Company has exploration properties in Kings Valley, Nevada,
Treeline, New Mexico and in the Thelon Basin, Nunavut and the Northwest
Territories. The Company has its head office in Vancouver, Canada; and its
executive management team is based in Reno, Nevada.
Western Uranium Corp. (TSXV:WUC)
Gráfica de Acción Histórica
De Jun 2024 a Jul 2024
Western Uranium Corp. (TSXV:WUC)
Gráfica de Acción Histórica
De Jul 2023 a Jul 2024
Real-Time news about Western Uranium Corp. (TSX Venture Exchange): 0 recent articles
Más de Western Uranium Corporation Artículos de Noticias