White Canyon Uranium Limited: Hong Kong Investor Converts US$2.5 Million Note to Stock
11 Février 2011 - 6:39PM
Marketwired
White Canyon Uranium Limited (TSX VENTURE: WU)(ASX: WCU) ("White
Canyon" or the "Company") reports that Ms. Lulu Yu elected to
convert a US$2.5 million secured convertible note to White Canyon
Uranium (ASX: WCU)(TSX VENTURE: WU) stock. The note was established
on 16 July 2010, at a conversion rate of AUD10.75 cents per share
and matured in January 2011. Once this conversion is processed,
White Canyon Uranium Ltd will have approximately 231 million shares
of common stock outstanding.
Mike Bynum, Chief Executive Officer of White Canyon stated "We
are pleased that Ms. Yu continues to have confidence in the future
of White Canyon Uranium as demonstrated by this increase in
holdings".
About White Canyon
White Canyon Uranium (ASX: WCU)(TSX VENTURE: WU) is an advanced
uranium exploration, recovery, and production company holding 100%
interest in multiple mining projects in southeast Utah, through its
subsidiary, White Canyon Uranium, North America, comprising of
approximately 15,500 acres of mining claims and mineral leases.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: White Canyon Uranium Limited John Ramsey Vice
President - Marketing +1 435 260 0267
jramsey@whitecanyonuranium.com www.whitecanyonuranium.com
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