/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
TORONTO, March 6 /CNW/ - The Company announces that it has issued a total
of 1,798,000 new Ordinary Shares of no par value pursuant to the exercise of
The shares are listed on the TSX and application has been made for these
shares to be admitted to trading on AIM and to listing on the TSX and it is
expected that dealings will commence 12 March 2007.
The securities referred to in this release will not be registered under
the United States Securities Act of 1933 or the laws of any state and may not
be offered or sold in the United States absent such registration or an
applicable exemption from registration requirements.
UraMin (www.uramin.com) was founded in February 2005 and its shares are
traded on the AIM market of the London Stock Exchange and the Toronto Stock
Exchange under the symbol 'UMN'. The Company was established to acquire and
develop mineral properties, predominantly uranium. The Company currently has
working capital of approximately US$88 million and a market capitalization of
approximately US$1 billion on an undiluted basis.
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 the prospecting rights in the Ryst Kuil Channel of
the Karoo or elsewhere in South Africa 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: Neil Herbert, Finance Director, Tel: +27 (0)11
783 5056; Nominated Advisor, Canaccord Adams, Robin Birchall, Tel: +44 (0)20
7050 6500; Toronto, Steve Vaughan, Tel: (416) 643-6924