Uranium Participation Corporation
TSX : U

Uranium Participation Corporation

March 03, 2014 08:30 ET

Uranium Participation Corporate Update

TORONTO, ONTARIO--(Marketwired - March 3, 2014) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Uranium Participation Corporation ("UPC" or the "Company") (TSX:U) reports that Mr. George Assie has resigned from the Board of Directors, effective as of February 28, 2014, in order to pursue other endeavours. The Company would like to thank Mr. Assie and express its appreciation for his service and contribution to UPC.

To replace Mr. Assie's uranium industry experience, the Company is pleased to announce the appointment of Mr. Thomas Hayslett to the Board of Directors, effective as of February 28, 2014. Mr. Hayslett (M.Sc.) has over 40 years of experience in the uranium industry including Manager of Nuclear Fuel Supply with the Tennessee Valley Authority and Senior Consultant to Ux Consulting L.L.C..

Ron Hochstein, President and C.E.O., commented, "We are very pleased to have someone with Tom's expertise joining the UPC Board. His years of experience will allow him to provide valuable insight into the uranium industry for the Company's benefit. We very much look forward to working with him."

About Uranium Participation Corporation

Uranium Participation Corporation is a company that invests substantially all of its assets in uranium oxide in concentrates ("U3O8") and uranium hexafluoride ("UF6") (collectively "uranium"), with the primary investment objective of achieving appreciation in the value of its uranium holdings through increases in the uranium price. Additional information about Uranium Participation Corporation is available on SEDAR at www.sedar.com and on Uranium Participation Corporation's website at www.uraniumparticipation.com.

Contact Information

  • Uranium Participation Corporate Update
    Ron Hochstein
    President and Chief Executive Officer
    (416) 979-1991 Ext. 232

    Uranium Participation Corporate Update
    James Anderson
    Chief Financial Officer
    (416) 979-1991 Ext. 372