Not for dissemination in the United States or through U.S. newswires
VANCOUVER, June 19, 2008 – Uranium North Resources Corp. (TSX-V: UNR) reports that the second and final portion of the non-brokered flow-through private placement announced on May 7, 2008 has closed. Proceeds for this second tranche totaled $372,999.60 bringing the total proceeds of the financing to $4,059,108.90. A total of 1,243,332 flow-through shares at a purchase price of $0.30 per share have been issued for this portion.
Finders’ fees were paid out as to $12,500 in cash 58,333 in finders’ warrants. The finders’ warrants are exercisable at $0.45 until June 18, 2009.
All the securities issued hereunder are subject to a four month hold period and may not be traded until October 19, 2008.
About Uranium North Resources
Uranium North is a junior mineral exploration company focused on uranium discovery in Canada. The Company will focus its first drill program on three project areas in Nunavut; Amer Lake, Kam and Hawk in the Thelon Basin Area. Ground surveys will continue on the Carswell project in the Athabasca Basin to confirm drill targets for the 2009 drill program.
CEO Mark Kolebaba Updates Latest UNR Developments:
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ON BEHALF OF THE BOARD OF DIRECTORS
For additional information please contact:
Uranium North Resources Corp.
Corporate Communications: Heather Kays
Telephone: (604) 484-7120
Facsimile: (604) 484-7143
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.