ccnm
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2011) - Western Uranium Corporation (the "Company") (TSX VENTURE:WUC) is pleased to announce that shareholders have approved all resolutions presented at its Annual General Meeting (the "Meeting") held on 31 March 2011, including the election of the Company's proposed nominees to the Board of Directors of Western Uranium. At the meeting, 15,138,067 representing 25.28% of the total number of shares issued and outstanding, were voted in favour of the election of the proposed Board members.
The returning Board members re-elected are Mr R. Edward Flood, Chief Executive Officer and President of the Company, as Chairman of the Board, Pamela J. Klessig, John D. Fognani, David H. W. (Harry) Dobson and Borden Putnam. In addition, the shareholders approved the addition of Mr Terry Krepiakevich as a director of the Company.
Terry Krepiakevich has served as the Chief Financial Officer of SouthGobi Resources Limited since July 2006. Mr. Krepiakevich served as Chief Financial Officer and Corporate Secretary of Extreme CCTV Inc. from November 2000 to July 2006, Mr. Krepiakevich served as Vice-President Finance and Chief Financial Officer of Maynards Industries Ltd. Prior to Maynards he was a senior officer in a number of private and public issuers. Mr. Krepiakevich is a Chartered Accountant, certified by the Institute of Chartered Accountants of British Columbia.
The Company has granted incentive stock options to various directors, officers, employees and consultants for the purchase of up to 847,500 common shares of the Company, at a price of $1.00 per share, for a five year period.
About the Company
As announced previously, the Board of Directors of the Company has approved, subject to regulatory approval, a change of name of the company to Concordia Resource Corp. The proposed change of name reflects the Company's strategy for expansion through acquisition and exploration globally, and through a shift in focus from uranium into a more diversified exploration and development company. It is expected that approval will be granted for this change within the week.
Western Uranium Corporation is a mineral exploration company with properties in Argentina, Nevada, and an earn-in agreement with Renaissance Gold Inc. for the Baza gold-copper project in Spain. The Company has its head office and executive management team in Vancouver, Canada; and its technical team is based in Reno, Nevada.
On behalf of the Board of Western Uranium Corporation
R. Edward Flood, Chairman
FOR FURTHER INFORMATION PLEASE CONTACT: Karl Cahill
Western Uranium Corporation
Manager, Investor Relations
+1-858-531-6100
ORRichard Roy
Western Uranium Corporation
Corporate Communications
+1-604-669-6446
info@westernuranium.com
http://www.westernuraniumcorp.com/">www.westernuraniumcorp.com
