Uranium Participation Corporation
TSX : U

Uranium Participation Corporation

March 27, 2006 16:23 ET

Uranium Participation Corporation Shareholders Approve Proposed Changes

TORONTO, ONTARIO--(CCNMatthews - March 27, 2006) -

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Uranium Participation Corporation (TSX:U) ("Uranium Participation Corp.") held a special meeting of shareholders at the Toronto Stock Exchange today at which shareholders approved three resolutions. First, the shareholders approved an amendment to Uranium Participation Corp.'s by-law to broaden its investment policy to permit it to invest in uranium hexafluoride (UF6), in addition to uranium oxide in concentrates (U3O8). Second, the shareholders approved an amendment to Uranium Participation Corp.'s by-law to permit it to lend U3O8 or UF6 to third parties. Finally, the shareholders approved an amendment to the management services agreement with its manager, Denison Mines Inc., to allow for additional payments to be made to Denison in connection with its efforts in arranging significant financings and other significant transactions and the on-going monitoring of such transactions.

The full text of these resolutions is available in the Management Information Circular dated February 24, 2006, which is available on the SEDAR website at www.sedar.com.

About Uranium Participation Corp.

Uranium Participation Corp. was created to invest in, hold and may subsequently sell uranium oxide in concentrates (U3O8), with the primary investment objective of achieving appreciation in the value of its U3O8 holdings. Additional information about Uranium Participation Corp. is available on SEDAR at www.sedar.com and on Uranium Participation Corp.'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