Ellegrove Capital Ltd.

August 17, 2006 15:52 ET

Ellegrove Capital Ltd.: Corporate Update

ST. MICHAEL, BARBADOS--(CCNMatthews - Aug. 17, 2006) - Ellegrove Capital Ltd. ("Ellegrove"), a Barbados resident company, through its joint actors, announces that it has acquired an aggregate 2,496,500 common shares of International Uranium Corporation ("IUC"). The shares were acquired through the facilities of the TSX, Toronto.

As a result of this acquisition, Ellegrove together with its joint actors, hold as at the date hereof, an aggregate of 10,996,500 common shares which aggregate holdings represent approximately 12.44% of the issued and outstanding shares of IUC.

Ellegrove and its joint actors acquired the securities of IUC for investment purposes only and not for the purpose of influencing control or direction over IUC. Ellegrove and its joint actors will, however, review its holdings in IUC from time to time and may increase or decrease its position as future circumstances dictate.

Ellegrove is owned by a trust whose settlor is Mr. Adolf H. Lundin.

ELLEGROVE CAPITAL LTD.

Authorized Representative


Contact Information

  • Ellegrove Capital Ltd.
    Aksel Azrac
    +41 22 708 33 13