GoviEx Uranium



GoviEx Uranium

April 02, 2014 18:29 ET

GoviEx Uranium Files Preliminary Prospectus

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 2, 2014) -

NOT FOR DISSEMINATION IN THE UNITED STATES - FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW

GoviEx Uranium Inc. (GoviEx) announced today that it has filed, and received a receipt for, a preliminary prospectus for an initial public offering (IPO) with the Securities Commissions of Ontario and British Columbia. The IPO will be priced at US$2.15 per Class A Common Share, expecting to raise a minimum of US$1.5 million. GoviEx has applied to list its Class A Common Shares on the Canadian Securities Exchange (assuming successful completion of the IPO). As stated in the preliminary prospectus, GoviEx intends to use the net proceeds of the IPO, together with existing working capital, to fund exploration drilling at GoviEx's Madaouela uranium discovery in Niger.

GoviEx has engaged Salman Partners Inc. of Vancouver to act as the agent for the IPO. Completion of the initial public offering is subject to and conditional upon the receipt of all necessary approvals, including regulatory approvals.

The preliminary prospectus has not yet become final for the purpose of a distribution of securities to the public and is subject to completion and amendment. The preliminary prospectus and other material documents related to the IPO are available on SEDAR (www.sedar.com).

This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.

This news release is not an offer of the Class A Common Shares for sale in the United States. The Class A Common Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an exemption from the registration requirements thereof.

About GoviEx

GoviEx Uranium Inc. is a private mineral resources company incorporated in British Columbia focused on the exploration and development of uranium properties. The company's principal objective is to become a significant uranium producer through the continued exploration and development of its Madaouela Project and its other uranium properties in Niger.

FORWARD-LOOKING STATEMENTS

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in the company's periodic filings. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should" and similar expressions, are forward-looking statements. Information provided in this document is necessarily summarized and may not contain all available material information.

All such forward-looking information and statements are based on certain assumptions and analyses made by GoviEx Uranium's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Accordingly, readers should not place undue reliance on forward-looking statements or information. These factors are not, and should not be construed as being, exhaustive. The forward-looking statements and information contained in this release is expressly qualified by this cautionary statement.

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