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Message: UC Closes Private Placement

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UC Closes Private Placement

posted on Aug 27, 09 07:48PM

Breaking News

UC Closes Private Placement

18:13 EDT Thursday, August 27, 2009

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 27, 2009) - Further to UC Resources Ltd.'s (the "Company") (TSX VENTURE:UC) news releases dated August 18 and 20, 2009, the Company is pleased to announce it has received TSX Venture Exchange approval for and closed its private placements of 1,000,000 flow-through shares, at $0.13 per flow-through share, and 1,707,000 non-flow-through units, at a price of $0.13 per unit, to raise aggregate proceeds of $351,910. Each unit is comprised of one common share of the Company and one-half of one transferable warrant, each whole warrant exercisable to purchase one common share, at a price of $0.20, for a period of two years.

All of the shares, warrants and any shares issued upon exercise of the warrants comprising the units are subject to a hold period and may not be traded in Canada until December 27, 2009, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.

On behalf of the Board of Directors of UC RESOURCES LTD.

JIM VOISIN, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

UC Resources Ltd.
                  Vancouver Head Office
                  
                  Toll Free: 1-800-366-8566 (Canada & USA)
                  
                  www.ucresources.net

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