DENVER, Nov. 20 /PRNewswire-FirstCall/ -- Uranium International Corp. ("Uranium International") (BULLETIN BOARD: URNI) has acquired an option to earn up to an 80% undivided interest in four mineral properties in Sweden from Trans Atlantic Metals AG (the "Optionor") and T.A. Metall, Sweden AG. The Option Agreement is subject to a 3% NSR royalty .
According to the terms of the Option Agreement, Uranium International will acquire a lease option in the Bjorklund Property, the Labbas Property, the Marrviken Property and the Staverberget Property (collectively called the "Properties") located in the Kingdom of Sweden, including all rights, licenses, and permits.
The exploration work program is expected to commence in early 2010 as weather conditions permit. The properties are characterized by available data as having been drilled by government agencies and found to contain uranium mineralization. Any such mineralization has not yet been classified under National Instrument 43-101 guidelines. Management is aware of 130 drill holes completed on the Properties.
Uranium International has focussed all of its efforts on moving its properties into a work program in Sweden, which has been increasingly amenable to resource mining and provides a positive outlook on its uranium mining industry.
Under the terms of the Option Agreement, in order to exercise the first Option for a 51% interest, Uranium International must:
(a) pay the Optionor $25,000 at the date of execution of the Option
Agreement and $25,000 per year until the Option is exercised:
(b) issue to the Optionor a total of 100,000 shares of Uranium
International ; and
(c) incur exploration expense of $700,000.
Following the exercise of the first option, in order for Uranium International to exercise the second option for an additional 29% (for a total of an 80% interest), it must incur a further $3,000,000 of exploration expense.
ABOUT URANIUM INTERNATIONAL CORP.
Uranium International Corp. is an international resource exploration company whose focus is the acquisition and exploration of uranium properties.
For further information see: http://www.uraniuminternational.com/
Symbol: OTCBB - URNI; Frankfurt AN4, WKN NO. A0MUN4.
Contact: Investor Relations (USA)
Tel. 1-720-279-2377 Investor Relations (Europe) Tel. +41-43-888-6701 SAFE HARBOR STATEMENT
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.
EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS "ESTIMATE," "ANTICIPATE," "BELIEVE," "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH PROPERTY DEVELOPMENT AND FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY'S MOST RECENT ANNUAL REPORT ON FORM 10-KSB AND ON FORM 10-QSB AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY'S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY'S DEVELOPMENT EFFORTS WILL SUCCEED AND THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION.
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. EACH OF THE NASD, THE SEC AND THE OTCBB NEITHER APPROVES NOR DISAPPROVES OF THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.
Uranium International Corp.
CONTACT: Investor Relations (USA), +1-720-279-2377, or Investor
Relations (Europe), +41-43-888-6701, both of Uranium International Corp.
Web Site: http://www.uraniuminternational.com/
