Uranium Participation Corporation
TSX : U

Uranium Participation Corporation

March 16, 2010 13:16 ET

Uranium Participation Corporation Announces Approval by Shareholders of Acquisition of Uranium Limited

TORONTO, ONTARIO--(Marketwire - March 16, 2010) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Further to its press release dated January 11, 2010, Uranium Participation Corporation (the "Corporation") (TSX:U) announces that its shareholders have approved the acquisition of Uranium Limited (TSX:UML)(AIM:UML). The acquisition will be effected by a Scheme of Arrangement under the laws of Guernsey. The shareholders of Uranium Limited approved the Scheme of Arrangement at a meeting held on March 9, 2010. The application to the Royal Court of Guernsey to sanction the Scheme is expected to take place on March 30, 2010. The Scheme of Arrangement is expected to become effective on the same day.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been and will not be offered or sold in the United States or to, or for the account or benefit of, a "U.S. person", as such term is defined in Regulation S under the United States Securities Act of 1933, as amended. This news release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any of these securities in the United States.

About Uranium Participation Corporation

Uranium Participation Corporation is an investment holding company which invests substantially all of its assets in uranium oxide in concentrates (U3O8) and uranium hexafluoride (UF6) (collectively "uranium"), with the primary investment objective of achieving appreciation in the value of its uranium holdings. Additional information about Uranium Participation Corporation is available on SEDAR at www.sedar.com and on Uranium Participation Corporation's website at www.uraniumparticipation.com.

Contact Information

  • Uranium Participation Corporation
    Ron Hochstein
    President
    (416) 979-1991 Ext. 232
    or
    Uranium Participation Corporation
    James Anderson
    Chief Financial Officer
    (416) 979-1991 Ext. 372
    www.uraniumparticipation.com