Toronto Stock Exchange (TSX): CVV
VANCOUVER, June 24, 2013 /CNW/ - CanAlaska Uranium Ltd. (TSX - CVV) ("CanAlaska" or the "Company") CanAlaska has received the resignation of
long serving board member, Hubert Marleau. Hubert has been a director
of the Company since 1996, and has been very active during the recent
years, where the Company has been focused on uranium in the Athabasca.
Hubert is a strong proponent of fiscal responsibility, and focused on
the fundamentals of the Nuclear industry. The Board and President,
Peter Dasler, wish to sincerely thank Hubert for his strong support and
commitment to the Company, and wish him well on his Milestone Birthday
and next facet of his lifetime journey.
The following update for shareholders, outlines the path which Hubert
and the board have positioned CanAlaska.
Update for Shareholders:
The Company has spent the past 15 months in a reduced activity mode, to
preserve a modest treasury (currently $1.47M), such that there is a
minimum of dilution to existing shareholders during a time of depressed
market prices. The Company has maintained a reduced salary and part
time, work force, which is able to move back into Project mode, and has
been active in the presentation and marketing of its Joint Ventures,
and non-core assets. The marketing of the non-core assets has
attracted a number of industry investors and supporters who have
entered into confidentiality agreements to review potential purchase or
earn-in joint ventures with the Company. This interest is continuing
to grow following the magnificent uranium exploration successes by
other explorers elsewhere in the Athabasca Basin area.
The Company is fortunate to have the support of its Asia-based Joint
Venture Partners on the large key projects at West McArthur, and Cree
East. Both of these exploration projects have advanced with the
discovery of intensive uranium related hydrothermal alteration zones
within the claim areas (see website detail for each project at www.canalaska.com), and are awaiting the next drill programs. The increasing awareness
of the fundamentals of uranium reactor build, especially throughout
Asia, and the predictions of reactor restarts elsewhere in the world,
is now being recognized by Investment Analysts and market investors.
The board believes that there will be further investor participation in
our market, and that there will be the opportunities to finance through
the joint venture and sale of our projects. We currently hold 18
exploration projects, totaling over 773,725 hectares (1,910 acres) in
the Athabasca region. The Company is hopeful to solidify further joint
ventures/options on advanced projects over the coming months.
Shareholders and investors can review detailed information on the
Company's projects and joint ventures on the Company's newly updated
website at www.canalaska.com.
Peter Dasler, M.Sc., P Geo. is the qualified person responsible for this
About CanAlaska Uranium
CANALASKA URANIUM LTD. (CVV -- TSX, CVVUF -- OTCBB, DH7F -- Frankfurt) has undertaken uranium exploration on multiple uranium projects in
Canada's Athabasca Basin -- the "Saudi Arabia of Uranium" since 2005.
The Company has major international partners for its West McArthur and
Cree East properties, and is concentrating its activities on these
For more information, visit www.canalaska.com
On behalf of the Board of Directors
Peter Dasler, M.Sc., P.Geo., President & CEO,
CanAlaska Uranium Ltd.
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release: CUSIP# 13708P 10 2. This news
release contains certain "Forward-Looking Statements" within the
meaning of Section 21E of the United States Securities Exchange Act of
1934, as amended. All statements, other than statements of historical
fact, included herein are forward-looking statements that involve
various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the
Company's documents filed from time to time with the British Columbia
Securities Commission and the United States Securities & Exchange
SOURCE: CanAlaska Uranium Ltd.
For further information:
Peter Dasler, President and CEO.
Tel: +1.604.688.3211 x318