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| |   February 14, 2006
Universal Uranium to Acquire Artillery Peak Uranium Property
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| | NR-06-07
Vancouver, British Columbia, February 14, 2006 - Further to the Company's news release of February 2, 2006, the Company announces that it has negotiated an agreement (the "Agreement"), subject to execution of documentation and regulatory approval, to acquire an option on 36 unpatented lode mining claims (the "Property") located in Mohave County, Arizona from Artillery Peak Uranium Corp. ("Artillery").
Under the terms of the Agreement, the Company will acquire a 100% interest in the Property by: (i) paying an aggregate of US$300,000 to Artillery; (ii) paying an aggregate of US$1,000,000 to the underlying vendors of the Property, and (iii) issuing an aggregate of 3,000,000 common shares to Artillery, all over a period of three years, and expending over a four year period not less than US$3,000,000 on the maintenance, exploration, development and equipping of the Property for commercial production. In addition, the Company will issue non-transferable share purchase warrants to the underlying vendors entitling the purchase of up to 1,000,000 common shares of the Company for a period of two (2) years from the closing of the Agreement with Artillery, at a price per share equal to the closing price of the Company's common shares on the day prior to the announcement of the closing of the Agreement. The transaction is subject to Yellow Cake royalties totaling 3%. The Company will have the right to reduce the royalties by paying to Artillery an agreed amount.
A finder's fee will apply in this transaction.
Universal Uranium Ltd. is a publicly held Canadian uranium exploration company focused on acquiring, exploring and developing uranium properties located in favorable geo-political climates. The Company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies.
ON BEHALF OF THE BOARD:
(signed) "Clive H. Massey," President
For further information contact:
Bill Galine Investor Relations
Telephone: (604) 662-3903
Email: bgaline@universaluranium.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. In addition, this release is not for distribution to U.S. newswire services or for dissemination in the United States. |
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| | February 02, 2006
Universal Uranium Negotiating to Acquire Interest in Additional Claims
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| | Vancouver, British Columbia, February 2, 2006 -- Universal Uranium Ltd. (the "Company") announces that its is negotiating an option to acquire, subject to regulatory approval, an interest in 34 unpatented lode mining claims located in Mohave County, Arizona.
Universal Uranium Ltd. is a publicly held Canadian uranium exploration company focused on acquiring, exploring and developing uranium properties located in favorable geo-political climates. The Company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies.
ON BEHALF OF THE BOARD: For further information contact:
(signed) "Clive H. Massey," President
Bill Galine Investor Relations
Telephone: (604) 662-3903
Email: bgaline@universaluranium.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. In addition, this release is not for distribution to U.S. newswire services or for dissemination in the United States. |
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| | January 30, 2006
Universal Uranium Arranges $5 Million Private Placement
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| | NR-06-05
Vancouver, British Columbia, January 30, 2006 - Universal Uranium Ltd. has engaged Haywood Securities Inc. ("Haywood") to conduct a brokered private placement of up to 6,700,000 units at a price of $0.75 per unit, with an over allotment option of up to 2,700,000 units. Each unit will consist of one common share and one half of one transferable common share purchase warrant. Each whole warrant shall be convertible into one common share at a price of $1.00 for a period of two years. Haywood will receive a cash commission equal to 7.5% of the gross proceeds from the sale of the units and compensation options equal to 10.0% of the number of units sold under the offering, each compensation option convertible into one unit of the Company at a price of $0.75 for a period of two years, and a corporate finance fee at closing comprised of 25,000 units, plus GST, for services rendered in connection with the offering.
Proceeds of the financing will be used for general exploration expenditures, working capital and other corporate purposes.
The financing is subject to regulatory acceptance.
Universal Uranium Ltd. is a publicly held Canadian uranium exploration company focused on acquiring, exploring and developing uranium properties located in favorable geo-political climates. The Company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies.
ON BEHALF OF THE BOARD:
(signed) "Clive H. Massey," President
For further information contact:
Bill Galine, Investor Relations
Telephone: (604) 662-3903
Email: bgaline@universaluranium.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. In addition, this release is not for distribution to U.S. newswire services or for dissemination in the United States. |
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| | January 18, 2006
Universal Uranium Options Interest in Silver Spruce's Labrador Properties
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| | NR-06-02
Vancouver, British Columbia, January 18, 2006 - Universal Uranium Ltd. (the "Company"), is pleased to announce that it has optioned, from Silver Spruce Resources (SSE), the right to earn a majority interest in their 4,963 claim property (approximately 124,000 hectares / 300,000 acres), in the Central Mineral Belt (CMB) of Labrador, Canada. Under the terms of the agreement, Universal can earn a 60-per-cent interest by spending $2-million on exploration over a three year period with a minimum of $500,000 the first year and $750,000 each of the following two years. During the earn in period Silver Spruce will be the operator.
Silver Spruce's claims are on strike with properties that lie both to the east and west of those held by Aurora Energy Inc. (Fronteer/Altius group) and Crosshair Exploration and Mining Corp. These companies staked known uranium showings and deposits, and carried out airborne radiometric surveys, which resulted in the location of new uranium showings in a number of areas which they are now drill testing. As a result of the exploration results and the rise in price of uranium, the CMB has seen extensive claim staking over the past few months.
Universal and Silver Spruce, following the lead of the earlier successful explorers, will carry out an extensive exploration program which will include airborne radiometric and magnetic surveys and ground follow up including geophysics, geochemistry, prospecting and geology, in 2006. Trenching and drilling will test mineralization located.
Universal Uranium Ltd. is a publicly held Canadian uranium exploration company focused on acquiring, exploring and developing uranium properties located in favorable geo-political climates. The Company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies.
ON BEHALF OF THE BOARD:
(signed) "Clive H. Massey," President
For further information contact:
Bill Galine Investor Relations
Telephone: (604) 662-3903
Email: bgaline@universaluranium.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. In addition, this release is not for distribution to U.S. newswire services or for dissemination in the United States. |
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| | January 04, 2006
Universal Uranium Receives Permits to Drill for Uranium
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| | NR-06-01
Vancouver, British Columbia, January 4, 2006 - Universal Uranium Ltd. (the "Company"), is pleased to announce that the Utah Bureau of Land Management has issued the company the necessary permits required to drill it's 100%-owned Lisbon Valley Uranium Project. The Lisbon Valley Uranium Project is located in Lisbon Valley in the southeastern corner of Utah, home of the world famous Mi Vida Mine as well as 16 other past producers.
The property consists of two contiguous claim blocks encompassing 300 + claims, totaling over 7300 acres. These claims cover the downthrown side of the Lisbon Valley anticline. The claims are located on the northeastern side of the 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 produced over 23 million lbs of U308 over its 16 year mine life.
A two-phase exploration program consisting of 30 holes has been recommended by the company's technical staff. The company is currently in the process of identifying priority drill targets for the first phase of drilling.
Universal Uranium Ltd. is a publicly held Canadian uranium exploration company focused on acquiring, exploring, and developing uranium properties located in favorable geo-political climates. The company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies.
ON BEHALF OF THE BOARD:
(signed) "Clive H. Massey," President
For further information contact:
Bill Galine, Investor Relations
Telephone: (604) 662-3903
Email: bgaline@universaluranium.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. In addition, this release is not for distribution to U.S. newswire services or for dissemination in the United States. |
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| | October 24, 2005
Universal Uranium Closes Private Placement Financing
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| | NR-05-10
Vancouver, British Columbia, October 24, 2005 - Universal Uranium Ltd. (the "Company"), is pleased to announce that it has completed the non-brokered private placement announced on September 27, 2005, for gross proceeds of CDN $1,000,999. The financing was oversubscribed and a total of 2,274,998 units at $0.44 per unit were issued. Each unit consists of one common share and one-half share purchase warrant. Each full warrant will entitle the holder to purchase one additional common share of the Company at a price per common share of $0.55 for a period of one year.
Proceeds from the financing will be used for the execution of a drilling program at the Company's Lisbon Valley Uranium Property in San Juan County, Utah, the acquisition of additional properties, and for general working capital.
A finder's fee of $42,946.46 cash plus 5,409 units applied in this transaction.
ON BEHALF OF THE BOARD:
(signed) "Clive H. Massey," President
For further information contact:
Bill Galine, Investor Relations
Telephone: (604) 662-3903
Email: bgaline@universaluranium.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. In addition, this release is not for distribution to U.S. newswire services or for dissemination in the United States. |
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| | September 27, 2005
Private Placement Arranged
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| | Vancouver, British Columbia, September 27, 2005 - Universal Uranium Ltd. (the "Company") has arranged a non-brokered private placement consisting of up to 2,275,000 units at $0.44 per unit, for total proceeds of $1,001,000. Each unit consists of one common share and one-half share purchase warrant. Each full warrant will entitle the holder to purchase one additional common share of the Company at a price per common share of $0.55 for a period of one year.
Proceeds of the financing will be used for the execution of a drilling program on the Company's Lisbon Valley Uranium Property in San Juan County, Utah and for general working capital.
A finder's fee will apply in this transaction in accordance with the policies of the TSX Venture Exchange (the "Exchange"). The financing is subject to regulatory acceptance.
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. In addition, this release is not for distribution to U.S. newswire services or for dissemination in the United States. |
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| | August 26, 2005
Universal Uranium Ltd. Elects Not to Proceed with Private Placement
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| | NR-05-08
Vancouver, BC, August 26, 2005 - Universal Uranium Ltd. (TSX-V UUL) ("the Company") announces that due to market conditions the Company has decided not proceed with the private placement announced on June 28, 2005.
Universal Uranium Ltd. is an exploration company focused on acquiring, exploring and developing uranium properties in areas of favorable geo-political climates.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release
Universal Uranium Ltd.
Signed: "Clive Massey"
Clive H. Massey, President
For further information contact:
Bill Galine Investor Relations
Telephone: (604) 662-3903
Email: info@Universaluranium.com |
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| | August 16, 2005
Universal Uranium Appoints Mahoney as Director
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| | Vancouver, BC, August 16, 2005 - Universal Uranium Ltd. (TSX-V UUL) is pleased to announce the appointment of Mr. Kevin Mahoney to the board of directors of the Company as of August 16, 2005.
Mr. Mahoney is a senior executive with 25 years of experience, and is currently president and chief executive officer of British Columbia Railway Company. Mr. Mahoney is responsible for the oversight and management of four distinct business operations, Vancouver Wharves Ltd., BCR Properties Ltd., BCR Port Subdivision Ltd. and BCR Captive Insurance Company Ltd.
Mr. Mahoney's extensive business experience includes managing the sale of the BC Rail Ltd. division to the Canadian National Railway Company for $1 billion, the role of senior vice president of the industrial components division of Wajax Ltd., as well as vice president and general manager of Saskatchewan Power Corporation. Mr. Mahoney holds a Bachelor's Degree in Business Administration from Lakehead University, in Thunder Bay, Ontario.
The Company has granted an option to Mr. Mahoney to purchase up to a total of 150,000 common shares in the capital of the Company. The options, which are subject to regulatory acceptance, are exercisable at a price of $0.52 for a five year period.
Universal Uranium Ltd. is an exploration company focused on acquiring, exploring and developing uranium properties in areas of favorable geo-political climates.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release
Universal Uranium Ltd.
Signed: "Clive Massey"
Clive H. Massey, President
For further information contact:
Bill Galine Investor Relations
Telephone: (604) 662-3903
Email: info@Universaluranium.com |
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| | June 28, 2005
Private Placement Arranged
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| | Vancouver, British Columbia, June 28, 2005 - Universal Uranium Ltd. (the "Company") has arranged a non-brokered private placement consisting of 2,000,000 units at $0.50 per unit, for total proceeds of $1,000,000. Each unit consists of one common share and one-half share purchase warrant. Each full warrant will entitle the holder to purchase one additional common share of the Company at a price per common share of $0.65 for a period of one year.
Proceeds of the financing will be used for the execution of a drilling program on the Company's Lisbon Valley Uranium Property in San Juan County, Utah and for general working capital.
A finder's fee will apply in this transaction in accordance with the policies of the TSX Venture Exchange (the "Exchange"). The financing is subject to regulatory acceptance.
The Lisbon Valley Uranium Property consists of two contiguous claim blocks encompassing 302 unpatented load mining claims covering 7,300 acres in San Juan County, Utah. The acquisition of the Property, which recently received Exchange acceptance, involved the issuance of 3,500,000 common shares to Mayan Minerals Ltd., which shares are subject to a four-month hold period, expiring on October 3, 2005. In addition, the Company will make aggregate rental payments to Mayan of US$400,000 over a three year period and, when and if production commences on the Property, the Company has agreed to a sliding scale royalty to Mayan based on the price per pound of uranium. No finder's fee applied in this transaction.
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. In addition, this release is not for distribution to U.S. newswire services or for dissemination in the United States. |
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