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Abstract
Uranium Participation Corporation (TSX:U) (the "Company or Uranium Participation Corp.") has today entered into an agreement with Cormark Securities Inc. on behalf of a syndicate of underwriters which also includes Dundee Securities Corporation, Scotia Capital Inc., CIBC World Markets Inc., National Bank Financial Inc., RBC Dominion Securities Inc., GMP Securities LP., Raymond James Ltd., and Salman Partners Inc. (the "Underwriters") pursuant to which the Underwriters have agreed to buy and sell to the public 11,625,000 common shares of the Company at a price of $7.75 per common share, representing an aggregate amount of issue of approximately $90 million (the "Offering"). Closing is expected on or about May 28, 2009 and is subject to regulatory approval including that of the Toronto Stock Exchange.
This press release contains certain forward-looking statements and forward-looking information that are based on Uranium Participation Corp.'s current internal expectations, estimates, projections, assumptions and beliefs. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intent", "estimate", "anticipate", "plan", "should", "believe" or "continue" or the negative thereof or variations thereon or similar terminology.