May 26, 2009 08:48 ET
TORONTO, ONTARIO--(Marketwire - May 26, 2009) - Macusani Yellowcake Inc. ("Macusani" or "the Company") (TSX VENTURE:YEL) announced today that it has completed its previously announced non-brokered private placement of 8,990,000 million units at a price of $0.25 per unit, raising gross proceeds of $2,247,500. Each unit consisted of one common share and one-half of one common share purchase warrant with each full warrant entitling the holder to acquire one common share at a price of $0.30 until May 22, 2011. Finder's fees of $46,800 in cash and 320,000 common shares were paid in connection with the placement. All securities issued pursuant to the private placement are subject to a 4-month hold period.
About Macusani Yellowcake Inc.
Macusani controls over 20,000 hectares (2,000 km2) of mineral properties prospective for uranium in the Macusani area in Peru.
There are 41,731,284common shares of Macusani Yellowcake Inc. outstanding (55,807,712 common shares, fully diluted).
(For more information, please visit the website at www.macusaniyellowcake.com).
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.
Macusani Yellowcake Inc.Peter HooperPresident(416) 360-3402PeterHooper2@aol.com
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