UC Resources Ltd.
TSX VENTURE : UC

UC Resources Ltd.

July 16, 2009 17:47 ET

UC Resources Announces Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 16, 2009) - UC Resources Ltd. (TSX VENTURE:UC) announces that it has arranged a non-brokered private placement by the sale of 1,000,000 units, at $0.10 per unit. Each unit will be comprised of one share and one-half of one transferable share purchase warrant, with each whole warrant exercisable for the purchase of one additional share, at a price of $0.15 per share for a period of two years. Proceeds from the private placement will be used for working capital.

The financing is subject to regulatory approval.

On Behalf of the board or directors

Jim Voisin, President & CEO

UC Resources Ltd.

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

Contact Information

  • UC Resources Ltd.
    Vancouver Head Office
    Toll Free: 1-800-366-8566 (Canada & USA)
    www.ucresources.net