January 06, 2014 19:06 ET
TORONTO, ONTARIO--(Marketwired - Jan. 6, 2014) -
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Uranium Participation Corporation (TSX:U) ("UPC") reports its estimated net asset value at December 31, 2013 was CAD$517.1 million or CAD$4.86 per share. As at December 31, 2013, UPC's investment portfolio consisted as follows:
At December 31, 2013, UPC has a commitment to sell the conversion component of 100,000 KgU as UF6 for delivery in January 2014. To facilitate the sale of the conversion component, UPC will transfer 100,000 KgU as UF6 to the buyer and receive 261,286 pounds of U3O8 and consideration of US$1,000,000 (CAD$1,063,600).
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.
Uranium Participation CorporationRon HochsteinPresident and Chief Executive Officer(416) 979-1991 Ext. 232Uranium Participation CorporationJames AndersonChief Financial Officer(416) 979-1991 Ext. 372www.uraniumparticipation.com
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