UC Resources Ltd. Closes Private Placement
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/05/10 -- Further to UC Resources Ltd. (the 'Company') (TSX VENTURE: UC) news release dated September 20, 2010, the Company is pleased to announce it has received TSX Venture Exchange approval for and closed its private placement of 4,779,773 units, at a price of $0.11 per unit, to raise proceeds of $525,775.
The Company paid a finder's fee to Power One Capital in cash of $13,200.
1,500,000 shares and 750,000 warrants are subject to a hold period expiring on Jan. 28, 2011 and 3,279,773 shares and 1,639,886 warrants are subject to a hold period expiring on Feb. 2, 2011.
On Behalf of the Board of Directors,
Jim Voisin, President and CEO
We seek safe harbour.
Investors are invited to visit the UC Resources IR Hub at http://www.agoracom.com/ir/UCResources where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to UC@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
Contacts:
UC Resources Ltd.
Damien Lowry
Toll Free: 1-800-366-8566 (Canada & USA)
www.ucresources.net