Listed on TSX/ASX:LAM
TORONTO, Sept. 2, 2014 /CNW/ - Laramide Resources Ltd. (TSX/ASX:LAM) is pleased to announce that it has filed, in accordance with ASX listing requirements, a Substantial Shareholder Notice relating to Global X Uranium ETF.
On August 29, 2014, the Global X Uranium ETF reported common share holdings of 7,142,409, representing 9.0% of voting power of Laramide.
The Global X Uranium ETF is designed to provide investors a broad based investment portfolio of global companies involved in the uranium industry. The ETF has been listed on NYSE Arca since its inception in April 2010.
Laramide shares are listed on the Toronto Stock Exchange and the Australian Securities Exchange under the symbol LAM.
To learn more about Laramide, please visit the Company's website at www.laramide.com.
Laramide is engaged in the exploration and development of high-quality uranium assets. Its wholly owned uranium assets are in Australia and the United States. Laramide's portfolio of advanced uranium projects have been chosen for their production potential. Its flagship project, Westmoreland, in Queensland, Australia, is one of the largest projects currently held by a junior mining company. Its U.S. assets include La Jara Mesa in Grants, New Mexico, and La Sal in the Lisbon Valley district of Utah. Its portfolio also includes joint venture, strategic equity positions and royalty participation in uranium development and exploration companies that provide additional geographic diversification and uranium exposure for shareholders.
This press release contains forward-looking statements. The actual results could differ materially from a conclusion, forecast or projection in the forward-looking information. Certain material factors or assumptions are applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information.
SOURCE: Laramide Resources Ltd.
For further information: Marc Henderson, President and Chief Executive Officer, Toronto, Canada +1 (416) 599 7363; Bryn Jones, Chief Operation Officer, Brisbane, Australia (07) 3831 3407; Greg Ferron, Vice-President, Investor Relations, Toronto, Canada +1 (416) 599 7363