UNOR Inc.
TSX VENTURE : UNI

UNOR Inc.

November 13, 2008 16:37 ET

UNOR Inc. Closes Flow-Through Financing

TORONTO, ONTARIO--(Marketwire - Nov. 13, 2008) - UNOR Inc. (TSX VENTURE:UNI) announces that it has completed a non-brokered private placement of 2,200,000 flow-through common shares at a price of $0.05 per unit for total proceeds of $110,000. The common shares are subject to a hold period expiring March 13, 2009.

The proceeds of the private placement will be used for continued exploration of Unor's mineral properties located in Nunavut.

UNOR Inc. with its head office in Toronto, Ontario is a uranium exploration and development company with its principal mineral properties in Nunavut. UNOR's shares trade on the TSX Venture Exchange: UNI and Over-The-Counter in the United States: UNOFF. All of the company's uranium claims are located in Nunavut, Canada. Nunavut was created April 1, 1999 as a result of the Nunavut Land Claim Agreement and is the only jurisdiction in Canada that has settled its native land claim issues. In June 2006, Cameco Corporation acquired 19.5% of UNOR. The Strategic Alliance and the Joint Technical Committee agreements between the companies provides to UNOR ongoing uranium technical knowledge, guidance and exploration opportunities.

THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS RELEASE

Contact Information

  • UNOR Inc.
    George Bell
    President & CEO
    (416) 368-0114
    or
    UNOR Inc.
    Tom Devlin
    Corporate Secretary
    (416) 368-0114