12th Jan 2010 11:00
Uranium Resources plc / Market: AIM / Epic: URA / Sector: Exploration
12 January 2009
Uranium Resources plc ('Uranium Resources') or ('the Company')
Issue of Consideration Shares
Uranium Resources plc, the AIM listed uranium exploration and development company, is pleased to announce that further to the announcement of the Placing raising circa £2 million on 24 December 2009, the Company has now issued 11,493,750 Consideration Shares ('the Consideration Shares') pursuant to the Indago Acquisition.
It is expected that admission of the Consideration Shares to trading on AIM ('Admission') will occur, and that dealings in the Consideration Shares will commence at 8.00 a.m. on 13 January 2010. The Consideration Shares will rank pari passu in all respects with the Company's existing issued ordinary shares and following Admission, there will be 406,493,750 ordinary shares of 0.1p in issue.
The Company has closed the Placement referred to in its announcement of 24 December 2009 and those shares were admitted to trading on 4 January 2010.
Defined terms in this announcement have the same meaning as those defined in the placing announcement made by the Company on 24 December 2009.
**ENDS**
For further information please visit www.uraniumresources.co.uk or contact:
|
Alex Gostevskikh |
Uranium Resources plc |
Tel: +44 (0) 7997 713377 |
|
James Pratt |
Uranium Resources plc |
Tel: +61 (0) 412 743 382 |
|
Ross Warner |
Uranium Resources plc |
Tel: +44 (0) 7760 487769 |
|
Hugh Warner |
Uranium Resources plc |
Tel: +61 (0) 413 621 652 |
|
Richard Swindells |
Ambrian Partners Ltd (Nomad) |
Tel: +44 (0) 20 7634 4700 |
|
Hugo de Salis |
St Brides Media & Finance Ltd |
Tel: +44 (0) 20 7236 1177 |
|
Felicity Edwards |
St Brides Media & Finance Ltd |
Tel: +44 (0) 20 7236 1177 |
Notes to editors
Uranium Resources plc is an AIM listed exploration and development company. It is the Company's strategy to advance its existing assets and strengthen its portfolio via opportunistic acquisition. Uranium Resources has uranium licences in the highly prospective Karoo Basin in Southern Tanzania where it currently has a land package in excess of 12,700 sq. km. Additionally it has a JV agreement with Rio Tinto Resources to develop the coal potential of 2,938 sq. km of the Company's exploration licence areas in southern Tanzania.
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