/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
TORONTO, June 11 /CNW/ - UraMin Inc. ("UMN" TSX and AIM) announces that
it is in negotiations with respect to a potential sale of the company. No
assurance can be given that the negotiations will be successful.
UraMin (www.uramin.com) was established in 2005 to acquire and develop
mineral properties, predominantly uranium. Following the private placement the
Company currently has a market capitalization of approximately US$1.9 billion
on an undiluted basis. UraMin (www.uramin.com) is traded on the Alternative
Investment Market of the London Stock Exchange plc and the Toronto Stock
Exchange under the symbol UMN.
UraMin is currently focusing on the development of its advanced stage
exploration projects at Trekkopje in Namibia, Bakouma in the Central African
Republic and Ryst Kuil in South Africa. Through a South African joint venture,
UraMin also enjoys additional prospecting license applications for important
uranium deposits in the Karoo, South Africa. No assurance can be given that
remaining applications for prospecting licences will be successful.
This press release contains statements that are "forward-looking".
Generally, the words "expect," "intend," "estimate," "will" and similar
expressions identify forward-looking statements. By their very nature,
forward-looking statements are subject to known and unknown risks and
uncertainties that may cause our actual results, performance or achievements,
or that of our industry, to differ materially from those expressed or implied
in any of our forward-looking statements. Statements in this press release
regarding the Company's business or proposed business, which are not
historical facts, are "forward looking" statements that involve risks and
uncertainties, such as estimates and statements that describe the Company's
future plans, objectives or goals, including words to the effect that the
Company or management expects a stated condition or result to occur. Since
forward-looking statements address future events and conditions, by their very
nature, they involve inherent risks and uncertainties. Actual results in each
case could differ materially from those currently anticipated in such
Investors are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date they are made.
For further information:
For further information: Nominated Advisor, Canaccord Adams Limited,
Robin Birchall, Tyler Broda, Tel: +44 20 7050 6500; Toronto, Steve Vaughan,
Tel: (416) 643-6924