UC Resources Ltd.

UC Resources Ltd.

November 24, 2010 14:52 ET

UC Resources Ltd.: Shares for Debt

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 24, 2010) - UC Resources Ltd. (TSX VENTURE:UC) - The Company wishes to announce it has agreed to issue a total of 1,235,250 shares for debt, at a price of $0.10 per share, to extinguish a debt in the amount of $123,525. The debt was originally incurred as a loan in 2008, as disclosed in the Company's financial statements. Trading in the shares issued for the debt will be subject to a four month and a day hold period from the date of distribution.

The issuance of shares for debt is subject to TSX Venture Exchange approval.

On behalf of the Board of Directors,

Jim Voisin, President & CEO

UC Resources Ltd.

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.

Contact Information

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