UC Resources Ltd.: Shares for Debt
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/11/11 -- UC Resources Ltd. (TSX VENTURE: UC) -
The Company wishes to announce it has agreed to issue a total of 278,737 shares for debt, at a price of $0.095 per share, to extinguish a debt in the amount of $26,480. Trading in the shares issued for the debt will be subject to a four month and a day hold period from the date of distribution.
The issuance of shares for debt is subject to TSX Venture Exchange approval.
On behalf of the Board of Directors,
Jim Voisin, President & CEO
UC Resources Ltd.
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. - Vancouver Head Office
Damien Lowry
(604) 681-7265 or Toll Free: 1-800-366-8566 (Canada & USA)
(604) 608-6163 (FAX)
www.ucresources.net