Global Uranium Fund Inc.

Global Uranium Fund Inc.

July 09, 2009 11:53 ET

Global Uranium Fund Inc. Renews Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwire - July 9, 2009) - Global Uranium Fund Inc. (TSX:GUR) intends to renew its normal course issuer bid to purchase up to 819,600 equity shares of the Fund representing approximately 10% of the public float of 8,196,584 equity shares. The Fund may purchase up to 164,402 equity shares in any 30 day period which is 2% of the 8,220,084 issued and outstanding equity shares at July 6, 2009.

As of July 6, 2009, the Fund had purchased 292,700 equity shares under its current bid at an average price of $2.36 per equity share.

The equity shares may be purchased for cancellation from July 14, 2009 to July 13, 2010 through the facilities of the TSX or other exchange recognized by the Ontario Securities Commission and may only be purchased at a price per equity share not exceeding the last published net asset value per equity share. The Manager of the Fund believes that such purchases are in the best interest of the Fund and are a desirable use of its available funds.

For additional information concerning the Fund, please call our investor relations line at 416-642-9051 (toll-free at 1-866-642-6001) or visit our website at

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the fund's publicly filed documents which are available from SEDAR at Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Contact Information

  • Brompton Funds Management Limited
    David E. Roode
    Senior Vice President
    (416) 642-6008