Uranium Bay Resources Inc.
TSX VENTURE : UBR

Uranium Bay Resources Inc.

June 29, 2009 16:06 ET

Uranium Bay 2009 Annual General Meeting

MONTREAL, QUEBEC--(Marketwire - June 29, 2009) - Uranium Bay Resources Inc. (TSX VENTURE:UBR) is pleased to inform its shareholders of what was decided during the Annual General and Special Meeting of Shareholders held, in Montreal, on June 18, 2009.

The first order of business was the election of the following seven (7) persons directors of the Corporation: Ali Abbas Al Hazeem, Noelle Drapeau, Patrick Gagne, Patrick Levasseur, Robert Robitaille, Bernard J. Tourillon and Viv Stuart-Williams.

The second order of business was the appointment of Raymond Chabot Grant Thornton, Chartered Accountants, as auditors of the Corporation for the current financial year.

The third order of business was the adoption of a special resolution authorizing the Corporation to change its name to Uragold Bay Resources Inc. / Ressources de la Baie d'Uragold Inc. The resolution was adopted by a majority of 97.42% (420,697 against).

Therefore, in accordance with the special resolution adopted by shareholders, the Corporation intends to change its name to Uragold Bay Resources Inc. / Ressources de la Baie d'Uragold Inc.

This name is already reserved with Corporations Canada and the Corporation does not intend to change its trading symbol UBR. This change is subject to the approval of the TSX Venture Exchange.

The fourth and final order of business was the adoption of a resolution authorizing a control person to hold up to 30% of all issued and outstanding shares of the Corporation.

Following the meeting, the newly elected directors of the Corporation appointed on June 18, 2009;

- The following persons to be officers of the Corporation: Bernard J. Tourillon, Chairman of the Board, CEO and acting CFO in replacement of Guy Girard and Noelle Drapeau Corporate Secretary in replacement of Marcel Drapeau;

- The following Independent Directors to be members of the Audit and Remuneration Committee of the Corporation for the ensuing year or until their successors are appointed. Robert Robitaille, Patrick Gagne and Ali Abbas Al-Hazeem, and that Patrick Gagne will act as Chairman of the committee; and,

- The following Directors to be the members of the Technical Committee of the Corporation for the ensuing year or until their successors are appointed. Viv Stuart-Williams, Patrick Levasseur and Bernard J. Tourillon, and that Bernard J Tourillon will act as Chairman of the committee;.

About Uranium Bay Resources Inc.

Uranium Bay Resources Inc. is a Canadian based junior resource and exploration company trading under the symbol UBR on the TSX Venture Exchange. The Company has 82,374,367 shares outstanding. The Company holds 100% of the 314 km2 Uskawanis Uranium property located just south of the Opinaca reservoir.

Neither 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. This press release contains certain "forward-looking statements," as identified in the Uranium Bay periodic fillings with Canadian Securities Regulators that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Contact Information

  • Uranium Bay Resources Inc.
    Bernard J. Tourillon, President and CEO
    Patrick Levasseur, Director
    514-846-3271
    Toll-free: 1-888-666-3431