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| |  June 22, 2005 Stock Options Granted
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| | Vancouver, British Columbia, June 22, 2005 - Universal Uranium Ltd. (the "Company") announces that pursuant to Exchange policies and the Company's Stock Option Plan, an aggregate of 750,000 shares have been granted as incentive stock options to directors, key employees and consultants of the Company at an exercise price of $0.52 per share. The options are exercisable for a period of five years, ending on June 21, 2010, and are subject to the requirements of the TSX Venture Exchange.
ON BEHALF OF THE BOARD:
(signed) "Clive H. Massey," President
For further information contact:
Bill Galine, Investor Relations
Telephone: (604) 662-3903
Email: info@universaluranium.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. |
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| | June 14, 2005 Universal Uranium Appoints Pirooz as Director
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| | Vancouver, BC, June 14, 2005 - Universal Uranium Ltd. (TSX-V UUL) is pleased to announce the appointment of Mr. Robert Pirooz to the board of directors of the company as of June 13, 2005.
Mr. Pirooz is currently CEO of TSX and AMEX listed Regalito Copper Corp. Regalito Copper holds one of the world's largest undeveloped copper deposits. Mr. Pirooz is also General Counsel of TSX and NASDAQ listed Pan American Silver Corp., Chairman and an officer of TSX listed Northern Peru Copper Corp and, among others, a Director of TSX Venture listed Rodina Minerals Inc.
Mr. Pirooz was called to the British Columbia Bar association in 1990 after obtaining a Bachelor of Law degree from the University of British Columbia and studying commerce at Dalhousie. Mr. Pirooz' extensive legal and business experience includes the role of Vice-President and General Counsel for the BCR Group of Companies which, until its partnership with CN, operated the government owned railway in British Columbia. While at BCR, Mr. Priooz also held posts as the executive responsible for BCR's substantial IT department and property holding, company.
Universal Uranium Ltd. is an exploration company focused on acquiring, exploring and developing uranium properties in areas of favorable geo-political climates.
Universal Uranium Ltd
Signed: "Clive Massey"
Clive H. Massey, President
For further information contact:
Bill Galine Investor Relations
Telephone: (604) 662-3903
Email: info@bluelightning.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. |
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| | June 07, 2005 Universal Uranium Appoints Silbernagel as Director
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| | Vancouver, BC, June 7, 2005 -- Universal Uranium Ltd. (TSX-V UUL) is pleased to announce the appointment of Mr. Corry J. Silbernagel, P.Eng. MBA, as a Director of the company on June 6, 2005.
Mr. Silbernagel holds an MBA from INSEAD in Fontainbleau, France and a Bachelors degree in Applied Science from the University of British Columbia. Mr. Silbernagel was most recently CFO of Cabo mining Enterprises Corp. (TSXV-CBE) one of Canada's largest exploration drilling services companies. Prior to Cabo, Mr. Silbernagel was a management and financial consultant working as a corporate advisor in strategy, finance, business development and marketing. As a professional engineer, Mr. Silbernagel has managed large-scale projects in excess of $100 million in the mining and oil and gas industry for companies that include Suncor Energy and TransAlta Energy. Mr. Silbernagel also sits on the advisory board of the ACT Cinemage Group (TSXV-CIG).
Mr. Ryan Krell has resigned from the board to facilitate Mr. Silbernagel's appointment. The company would like to thank Mr. Krell for his tenure as a board member.
Universal Uranium Ltd. is an exploration company focused on acquiring, exploring and developing uranium properties in areas of favorable geo-political climates.
UNIVERSAL URANIUM LTD.
Signed: "Clive Massey"
Clive H. Massey, President
For further information contact:
Bill Galine Investor Relations
Telephone: (604) 662-3903
Email: info@bluelightning.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. |
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| | May 11, 2005 Universal Uranium Ltd Appoints VP of Exploration
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| | Vancouver, BC, May 11, 2005 -- Universal Uranium Ltd. (TSX-V ULL) is pleased to announce the appointment of Richard H. Dorman as the Vice President of Exploration. Mr. Dorman has many years of experience in the field and combined with his management skills, will be a strong asset to Universal's management team. Mr. Dorman will be responsible for the programs pertaining to the company's current property as well as evaluating any potential property acquisitions in the future.
Mr. Dorman holds a B.Sc. in Geology from the Mackay School of Mines, University of Nevada, Reno. Mr. Dorman's experience spans more than 29 years and covers all aspects of exploration He has extensive experience with sediment hosted mineralized deposits in Colorado, Wyoming, Utah and Nevada. Previously Mr. Dorman has worked for Getchell Gold Corporation, a division of Placer Dome, Plateau Resources and Atlas Minerals.
Universal Uranium Ltd. is a Canadian Uranium Exploration Company focused on acquiring, exploring and developing Uranium properties in areas of favorable economic and political climates.
UNIVERSAL URANIUM LTD.
Signed: "Clive Massey"
Clive H. Massey, President
For further information contact:
Bill Galine Investor Relations
Telephone: (604) 662-3903
Email: info@bluelightning.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. |
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| | May 02, 2005 Name Change for Blue Lighting Ventures Inc.
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| | Vancouver, British Columbia -- Blue Lightning Ventures Inc.'s name has changed to Universal Uranium Ltd. (the "Company"). On May 3, 2005 the common shares of the Company under the new name "Universal Uranium Ltd." will commence trading on the TSX Venture Exchange. The new trading symbol for the Company will be "UUL". The new name reflects the Company's single emphasis on uranium.
No consolidation was involved in this name change.
UNIVERSAL URANIUM LTD.
Signed: "Clive Massey"
Clive H. Massey, President
For further information contact:
Bill Galine Investor Relations
Telephone: (604) 662-3903
Email: info@bluelightning.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. |
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| | April 21, 2005 Blue Lightning Retains Investor Relations Consultant
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| | Vancouver, BC, April 21, 2005- Blue Lightning Ventures Inc. has entered into a consulting agreement with Bill Galine pursuant to which Mr. Galine will provide investor relations and corporate finance services to the Company. The consulting agreement is for a term of one year at a fee of $4,000 per month.
For the past 21 years, Mr. Galine has been involved in corporate finance and marketing. He has worked in public relations since 1984 as a business owner and officer of a public company. Mr. Galine served as vice-president of a publicly traded company. His combined experience and knowledge in the area of investor relations and business is an asset to Blue Lightning Ventures. The Company has granted an option to Mr. Galine to purchase up to a total 200,000 common shares in the capital of the company. The options, which are subject to regulatory acceptance, are exercisable at a price of 20 cents per share and will vest over a one year period.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Blue Lightning Ventures Inc.
Signed: "Clive Massey"
Clive H. Massey, President
For further information contact:
Bill Galine, Investor Relations
Telephone: (604) 662-3903
Email: info@Bluelightning.com |
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| | April 20, 2005 Name Change Proposed
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| | Vancouver, British Columbia -- Blue Lightning Ventures Inc. (the "Company") is proposing a name change from Blue Lightning Ventures Inc. to Universal Uranium Ltd. The new name is being proposed to reflect the Company's single emphasis on uranium. No consolidation is involved.
Clive Massey, president of the Company, said: "The Company's efforts are now focused on acquiring, exploring and developing uranium properties. We believe that the new name, Universal Uranium Ltd., will more accurately reflect the nature of our business and our future corporate goals as we move forward."
The Company will be applying to the TSX Venture Exchange for approval of the name change.
Blue Lightning Ventures Inc.
Signed: "Clive Massey"
Clive H. Massey, President
For further information contact:
Bill Galine, Investor Relations
Telephone: (604) 662-3903
Email: info@Bluelightning.com |
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| | April 19, 2005 Blue Lightning Acquiries Lisbon Valley Uranium Property
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| | Vancouver, BC, April 19, 2005 -- Blue Lightning Ventures Inc. (TSX-V BLL) has agreed, subject to regulatory approval, to acquire by lease a 100 per cent interest in over 7300 acres in a Lisbon Valley Uranium Property located in San Juan County, southeastern Utah. This area, known as the Four Corners, was the center of the uranium mining industry in the United States and the home of the famed Mi Vida Mine. The Mi Vida Mine was discovered by "Uranium King", Charles A. Steen, in 1952. The discovery of the Mi Vida sparked an exploration boom which led to the discovery and subsequent development of a number of other mines producing a total of 103,223,000 lbs of uranium. This represents more than 80 per cent of the uranium produced in the State of Utah.
Clive Massey, president of Blue Lightning Ventures, said, "We are pleased to be acquiring this property, with it's immediate proximity to the Mi Vida Mine, in the heart of the prolific uranium mining district of Lisbon Valley. The potential to discover a large deposit similar to those discovered in the area between 1952 to 1988 is considered to be excellent."
The property consists of two contiguous claim blocks encompassing 300+ claims. These claims cover the downthrown side of the Lisbon Valley anticline. The claims are located on the northeastern side of the main Lisbon fault, and extend from the southern edge of the Lisbon Mine for a distance of more than six miles to the southeast. The Lisbon Mine was put into production by Rio Algom and mined for 16 years.
The Company's objective is to commence geological work on the property with a view to identifying high potential drill targets. Permitting will begin immediately and is expected to take approximately 4 months.
Blue Lightning will acquire its interest in the property by way of two mining lease agreements each with initial terms of 5 years but which may be extended at Blue Lightning's election for unlimited further periods of 10 years. Under the terms of the lease agreements Blue Lightning has reimbursed the costs of staking and related transaction costs (which totaled approximately US$120,000), and will issue to Mayan Minerals Ltd. of Vancouver, B.C. a total of 3,500,000 common shares upon acceptance for filing of the lease agreements by the TSX Venture Exchange. As well, to keep the leases in good standing Blue Lightning must pay the required annual Bureau of Land Management maintenance fees and state land fees (approximately US$40,000), and make annual rental payments to Mayan totalling US$50,000 in the first two years of the agreements and thereafter US$100,000 until the property is placed into production. Once production has commenced, Blue Lightning has agreed to pay Mayan a minimum US$100,000 per year royalty, calculated, for uranium, as a fluctuating percentage of the value of uranium recovered based on the price of uranium and, for other metals, at 3% of the net returns from other metals recovered. Fuller details of the royalty payable on uranium can be found in Blue Lightning's Material Change Report dated April 19, 2005, filed on SEDAR (www.sedar.com). Annual rental payments will be credited against any royalty that ultimately becomes due. The lease agreements also permit certain deductions from any royalty amount payable to Mayan if Blue Lightning is required to pay U.S. federal or state royalties.
Ken Thorsen, P. ENG., a qualified person under National instrument 43-101, has prepared a qualifying report under the NI 43-101 guidelines for the property and is in agreement with the technical facts stated in this release.
Blue Lighting Ventures Inc is a Canadian uranium exploration company focused on acquiring, exploring and developing uranium properties in areas of favorable economic and political climates.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release
Blue Lightning Ventures Inc.
Signed: "Clive Massey"
Clive H. Massey, President
For further information contact:
Bill Galine, Investor Relations
Telephone: (604) 662-3903
Email: info@Bluelightning.com |
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| | April 04, 2005 Private Placement Closes
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| | Vancouver, British Columbia -- Blue Lightning Ventures Inc. (the "Company") announces that its previously announced private placement has closed. The Company has received proceeds of $196,399.84 on the private placement of 350,714 units at $0.56 per unit. Each unit consists of one common share and one six-month non-transferable share purchase warrant. Each full warrant will entitle the holder to acquire an additional common share of the Company for $0.70. The proceeds of the private placement will be used for mineral property investigation and acquisition costs and general working capital. No finder's fee applied in this transaction.
BLUE LIGHTNING VENTURES INC.
Per: "Clive Massey"
Clive Massey, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release. |
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