RPT Uranium Corp.

RPT Uranium Corp.

June 08, 2007 17:18 ET

RPT Closes $8 Million Non-Brokered Private Placement Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 8, 2007) - RPT Uranium Corp. (the "Company") (TSX VENTURE:RPT) is pleased to announce that it has received TSX Venture Exchange approval to close its non-brokered private placement announced on May 4, 2007. The Company closed on 20,000,000 units at a price of $0.40 per unit for gross proceeds of $8 million. Each unit is comprised of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share of the Company at a price of $0.60 per share for a period of one year until June 8, 2008.

The shares and any shares acquired on exercise of the warrants are subject to a hold period expiring October 9, 2007.

Finder's fees totalling $480,000 (6% of gross proceeds raised) have been paid in connection with the non-brokered financing.

On behalf of the Board of Directors

Marshall Bertram, Director, RPT Uranium Corp.

The statements contained in this release that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from targeted results. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The Company relies upon litigation protection for forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information