UC Resources Ltd.

UC Resources Ltd.

August 27, 2009 19:48 ET

UC Resources Announces Granting of Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 27, 2009) - UC Resources Ltd. (TSX VENTURE:UC) -

UC Resources Ltd. has granted, pursuant to UC's incentive stock option plan, a total of 200,000 options to Nicole Wood who has assumed the responsibilities as CFO. These are exercisable over a five-year period expiring August 26, 2014, at a price of 12 cents per share. The options entitle each optionee to acquire one common share of UC. The common shares of UC closed on August 25, 2009, on the TSX Venture Exchange at a price of eleven cents per common share.

In addition, 4.5 million previously granted options to directors, officers and consultants, at prices ranging from .45 cents to .50 cents, have been re-priced to 20 cents per share. All other terms and conditions of these options remain the same. In accordance with the policies of the TSX-V, the amended options are subject to shareholder approval and are not exercisable until such approval has been received at the company's next general meeting.

On behalf of the Board of Directors,

Jim Voisin, President & CEO

UC Resources Ltd.

We seek safe harbour.

Investors are invited to visit the UC Resources IR Hub at http://www.agoracom.com/ir/UCResources where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to UC@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

Contact Information

  • UC Resources Ltd.
    Vancouver Head Office
    Toll Free: 1-800-366-8566 (Canada & USA)