Uranium Participation Corporation
TSX : U

Uranium Participation Corporation

July 14, 2005 16:05 ET

Uranium Participation Corporation Reports Net Asset Value at June 30, 2005

TORONTO,ONTARIO--(CCNMatthews - July 14, 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 June 30, 2005 was CDN$4.80 based on the spot price for U(3)O(8) at June 30, 2005 which was US$29.00, unchanged from the price at May 31, 2005. The spot price for U(3)O(8) was quoted at US$29.50 as of July 11, 2005.

At June 30, 2005 Uranium Corp. has entered into various agreements to purchase 2,350,000 pounds of U(3)O(8) at an average price of US$28.20 totaling US$66,280,000. In addition, a commission of 1.5% is payable on these purchases. As at June 30, 2005, 1,050,000 pounds have been delivered and included in the investment portfolio. The remaining purchases will be delivered at various times through 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 (U(3)O(8)), with the primary investment objective of achieving appreciation in the value of its U(3)O(8) holdings.

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