REGINA, Feb. 13 /CNW/ - Uranium City Resources Inc. ("UCR" or the
Corporation), is pleased to announce the following significant corporate
At a Special Shareholders Meeting held Feb 13, 2009 in Toronto,
shareholders voted in favor of the following:
1) the sale of a 100% interest in all of the Corporation's mineral claims
located near Uranium City in the Province of Saskatchewan pursuant to the
letter agreement dated November 24, 2008 between the UCR and Red Rock
Energy Inc. for total consideration of $975,000.
2) an amendment to the articles of incorporation to change the name of
the Corporation. The new name that has been determined by the Board is to
be Strategic Resources Inc. The process of instituting this name change
and having a new ticker symbol assigned has now commenced and should be
complete within the next several weeks.
3) an amendment to the articles of incorporation to add Preferred Shares
to the capital structure.
4) changing the municipality of the Corporation's office to Toronto,
Ontario from its previous location in Kirkland Lake, Ontario.
In addition, UCR continues to make significant progress on its joint
venture Uranium exploration project in New Mexico, USA. Proposed drill hole
locations have been marked out at the project area. Ecosystem Management Inc.
along with Halterman Consulting, both of Albuquerque, NM, have now both been
retained to assist with the preparation and filing of the Plan of Operations
and the Minimal Impact Exploration Permit. Project area maps and geological
reports can be viewed online at www.uraniumcityresources.com. UCR also
continues to search for and evaluate additional exploration projects in New
Mexico and other parts of the Colorado Plateau.
About Uranium City Resources
Uranium City Resources is a Canadian based junior exploration company
with an exploration project in Catron County, New Mexico and options on
projects in northern Saskatchewan, Canada. More information about UCR is
available on line at www.uraniumcityresources.com
Forward looking information:
This news release contains certain forward-looking information. Such
information includes, but is not limited to, UCR's expectation that the
Transaction will be completed. Such forward-looking information is qualified
in its entirety by the inherent risks and uncertainties surrounding future
expectations, including that the Transaction may be completed on terms that
differ materially from the terms and conditions expressed or implied by such
information.. Forward-looking information is based on a number of assumptions
which may prove to be incorrect, including, but not limited to: the ability of
UCR to obtain necessary shareholder approval to complete the Transaction or
either of the parties to satisfy the requirements of the TSX Venture Exchange
with respect to the Transaction. The cautionary statements qualify all
forward-looking information attributable to UCR and persons acting on its
behalf. Unless otherwise stated, all forward-looking information speaks only
as of the date of this press release and UCR has no obligation to update such
information except as required by law. The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or accuracy of
this news release.
For further information:
For further information: Malcolm Bucholtz, President & CEO, T:(306)
525-0852, E: email@example.com