Uranium Participation Corporation
TSX : U

Uranium Participation Corporation

August 12, 2005 15:12 ET

Uranium Participation Corporation Reports Net Asset Value At July 31, 2005

TORONTO, ONTARIO--(CCNMatthews - Aug. 12, 2005) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

Uranium Participation Corporation ("Uranium Corp.") (TSX:U) reports its net asset value per share at July 31, 2005 was CDN$4.87 based on the spot price for U3O8 at July 31, 2005 which was US$29.50.

Uranium Corp. has entered into various agreements to purchase 2,550,000 pounds of U3O8 at an average price of US$28.35 totaling US$72,305,000. In addition, a commission of 1.5% is payable on these purchases. As at July 31, 2005, 1,950,000 pounds have been delivered and included in the investment portfolio. The remaining purchases will be delivered prior to August 31, 2005.

About Uranium Participation Corporation

Uranium Participation Corporation is an investment holding company created to invest substantially all of its assets in uranium oxide in concentrates (U3O8), with the primary investment objective of achieving appreciation in the value of its U3O8 holdings. Additional information on 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 Corporation
    E. Peter Farmer
    President
    (416) 979-1991 Ext. 231
    or
    Uranium Participation Corporation
    James Anderson
    Chief Financial Officer
    (416) 979-1991 Ext. 372