Company Profile
Uranium North Resources is exploring a diverse property portfolio of over 3 million acres in northern Canada. This distinguishes Uranium North as the only junior uranium explorer with significant and prospective land holdings in what the company believes are Canada's three most prospective basins for high grade uranium deposits, the Athabasca, Thelon and Hornby Bay Basins.
Event
On June 9, 2008 – the TSX Venture Exchange Daily Bulletin reported that the TSX Venture Exchange had accepted for filing documentation with respect to the first tranche of a Non-Brokered Private Placement announced May 7, 2008 by Uranium North Resources.
Details of the Private Placement
Number of shares: 12,327,031 flow-through shares
Warrants: N/A
Number of Placees: 69 placees
Purchase Price: $0.30 per flow-through share
Private Placement Participants
Jeff Willis for 100,000 shares (Investment Advisor with Haywood Securities)
Patricia Tanaka for 10,000 shares (Chief Financial Officer for Uranium North)
Stewart Swette for 35,000 shares (Investment Advisor with Haywood Securities)
Alfred Stewart for 200,000 shares (Geological Consultant with Cordilleran Resources Management Group)
Kerry Smith for 100,000 shares (Senior Mining Analyst with Haywood)
Robert Sheppard for 100,000 shares (Vice President & Investment Advisor with Haywood)
Tin Seltzer for 112,666 shares
Catherine Seltzer for 200,000 shares (Chairman of Pacific Rim Mining, Bear Creek Mining and founder of Arequipa Resources)
Pacific Investment Corp. for 600,000 shares
James MacDonald for 333,333 shares
Michael Lee for 5,000 shares
Scott Hunter for 200,000 shares (Investment Advisor with Haywood Securities)
Darcy Higgs for 175,000 shares (Vice President & Investment Advisor with Haywood)
Daniel Faure for 100,000 shares (Director, Technical Advisor to Uranium North)
Nancy Curry for 20,000 shares (VP of Corporate Communications for Diamonds North Resources)
Atsuko Chuman for 50,000 shares
Brian Christie for 25,000 shares (Mining Analyst with National Bank Financial)
Bolder 08 FT LP for 333,333 shares (Limited Partnership most likely run by C. Channing Buckland – mining financier and founder of Bolder Investment Partners)
Risks
Without limitations, some of the risks include reserves and resource risk, development risks, permitting risks, off-take agreements, commodity price risks, geo-political risks, exchange rates, weather related impacts etc.
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