U3O8 Corp.
TSX VENTURE : UWE

U3O8 Corp.

June 29, 2011 18:22 ET

U3O8 Corp. Shareholders Approved All Matters at Annual & Special Meeting

TORONTO, ONTARIO--(Marketwire - June 29, 2011) - U3O8 Corp. (TSX VENTURE:UWE), a Canadian-based company focused on exploration and resource expansion of uranium and associated commodities in South America, announced the results of its 2011 Annual and Special Meeting held earlier today.

A total of 49.7 million shares were represented in person or by proxy at the meeting, representing about 48% of U3O8 Corp's outstanding common shares. Shareholders of the Corporation approved the following resolutions:

  • the election of Dr. Keith Barron, Mr. Bryan Coates, Mr. David Constable, Mr. Sheldon Inwentash, Mr. Pablo Marcet, Mr. Richard Patricio and Mr. Stewart Taylor as directors of the Corporation for the ensuing year;
  • the re-appointment of KPMG LLP, Chartered Accountants, as auditors of the Corporation;
  • the confirmation of the Corporation's stock option plan; and
  • the confirmation of the Corporation's shareholders rights plan.

For further details on each of the above matters, please refer to the management information circular of the Corporation dated May 25, 2011 available on SEDAR at www.sedar.com.

About U3O8 Corp.

U3O8 Corp.is a Toronto-based exploration company, focused on exploration and resource expansion of uranium and associated commodities in South America – a promising new frontier for uranium exploration and development. U3O8 Corp. has one of the most advanced portfolios of uranium projects in the region comprising NI 43-101 compliant resources in Guyana and Argentina to significant historic resources in Colombia.

Forward-Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of U3O8 Corp., including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of exploration results and estimates and that the resource potential will be achieved on exploration projects, currency fluctuations, dependence upon regulatory approvals, and the uncertainty of obtaining additional financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Neither the 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.

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