Skip navigation

  1. Try the new Globe Investor beta site

    We're building you a new Globe Investor that is smarter, faster and easier to use.
    We'll be rolling out new sections, features and tools over the coming months.

  3. Check out these features:

News from Marketwire

Uranium Participation Corporation Reports Net Asset Value at August 31, 2008

09:36 EDT Thursday, September 18, 2008

TORONTO, ONTARIO--(Marketwire - Sept. 18, 2008) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Uranium Participation Corporation ("Uranium Corp") (TSX:U) reports its net asset value at August 31, 2008 was CDN$630,777,000 or CDN$8.72 per share on a basic and fully diluted basis. As at August 31, 2008, Uranium Corp's investment portfolio consisted as follows:


---------------------------------------------------------------------------
(in thousands of Canadian dollars,       Quantity       Cost  Market Value
 except quantity amounts)
---------------------------------------------------------------------------

Investments in Uranium:
 Uranium oxide in concentrates
  ("U3O8")                          5,425,000 lbs   $262,565      $371,817
 Uranium hexafluoride ("UF6")       1,492,230 KgU   $271,466      $282,245
---------------------------------------------------------------------------

                                                    $534,031      $654,062
---------------------------------------------------------------------------
---------------------------------------------------------------------------

 U3O8 average cost and market
  value per pound:
  - In Canadian dollars                               $48.40      $68.54(1)
  - In United States dollars                          $43.37        $64.50
 UF6 average cost and market value
  per KgU:
  - In Canadian dollars                              $181.92     $189.14(1)
  - In United States dollars                         $168.15       $178.00
---------------------------------------------------------------------------
---------------------------------------------------------------------------

(1) Converted at the August 31, 2008 exchange rate of $1.0626.

In August 2008, Uranium Corp purchased 50,000 pounds of U3O8 (for a total price of US$3,225,000.

About Uranium Participation Corporation

Uranium Participation Corporation is an investment holding company which invests substantially all of its assets in uranium oxide in concentrates (U3O8) and uranium hexafluoride (UF6) (collectively "uranium"), with the primary) investment objective of achieving appreciation in the value of its uranium holdings. Additional information about Uranium Participation Corporation is available on SEDAR at www.sedar.com and on Uranium Participation Corporation's website at www.uraniumparticipation.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Uranium Participation Corporation
E. Peter Farmer
President
(416) 979-1991 Ext. 231
or 
Uranium Participation Corporation
James Anderson
Chief Financial Officer
(416) 979-1991 Ext. 372


Website: www.uraniumparticipation.com

© Marketwire


 

Back to top