UC Resources Ltd.

UC Resources Ltd.

March 12, 2010 10:20 ET

UC Resources Ltd.: Closing of Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 12, 2010) - UC Resources Ltd. (TSX VENTURE:UC) -

Further to the Company's earlier news releases dated February 19 and 25, 2010, the Company is pleased to announce it has received TSX Venture Exchange approval for and closed the private placement of 5,687,500 units, at a price of $0.08 per unit, to raise proceeds of $455,000.

All of the shares, warrants and any shares issued upon exercise of the warrants comprising the units are subject to a hold period and may not be traded in Canada until July 10, 2010, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.

On behalf of the Board of Directors,

Jim Voisin, President & CEO

UC Resources Ltd.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

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