White Canyon Uranium Limited: Issue of Options
24 Febbraio 2011 - 1:46PM
Marketwired
As announced to the market on November 30, 2010, the shareholders
of White Canyon Uranium Limited (TSX VENTURE: WU)(ASX: WCU) ("White
Canyon" or the "Company") passed resolutions at the Company's
Annual General Meeting held on that date approving the proposed
issue of 20 million options (each having an exercise price of
$0.15) to the directors and company secretary of White Canyon. The
Company has now issued those options in the numbers approved by
shareholders, as set out in the table below:
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Director Number of Options issued
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Lewis Cross 5,000,000
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Michael Bynum 5,000,000
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Melvin Swanson 2,000,000
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Kelly Shumway 2,000,000
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Gregory Burns 2,000,000
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John Ramsey 2,000,000
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TOTAL: 18,000,000
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Company Secretary Number of Options issued
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Ranko Matic 2,000,000
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The issue of the options does not affect the proposed takeover
bid by Denison Mines Corp. ("Denison"), as the issue of the options
is specifically provided for in the Bid Implementation Agreement
between Denison and White Canyon.
About White Canyon
White Canyon Uranium Ltd is a Perth, Western Australia-based
company focused on acquisition, exploration, and development of
uranium producing properties. The Company's U.S. operations are
headquartered in Moab, Utah and comprise multiple mining tenements
covering approximately 15,500 acres in Southern Utah.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: White Canyon Uranium Limited John Ramsey Vice
President - Marketing +1 435 260 0267
jramsey@whitecanyonuranium.com www.whitecanyonuranium.com
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