UC Resources Ltd.

UC Resources Ltd.

September 20, 2010 16:30 ET

UC Resources Arranges Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 20, 2010) - UC Resources Ltd. (TSX VENTURE:UC) announces that it has arranged a non-brokered private placement to raise proceeds of $451,000. The private placement is comprised of 4,510,000 units, at a purchase price of $0.11 per unit. Each unit will be comprised of one-half of a warrant with a full warrant entitling the holder to purchase one additional common share, at a price of $0.13 per share, for a period of two years. The financing is subject to regulatory approval.

Finders fee's will be payable in accordance with TSX exchange policy.

UC Resources Ltd. is an active explorer of base metals in the McFaulds Lake area of the James Bay Lowlands, Ontario, and an explorer and a very near term producer of precious metals in Mexico.

On behalf of the Board of Directors,

Jim Voisin, President & CEO

UC Resources Ltd.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • UC Resources Ltd. - Vancouver Head Office
    Jim Voisin
    President & CEO
    604.681.7265 or Toll Free: 800.366.8566
    604.608.6163 (FAX)