News
July 15, 2008
Western Uranium Files Early Warning Report
Vancouver, British Columbia: Western Uranium Corporation (“the “Company”) (TSXV:WUC) announces that it has acquired 15,209,393 common shares of Western Lithium Canada Corporation(“Western Lithium”) pursuant to the previously announced statutory plan of arrangement (the “Arrangement”). Under the Arrangement, the Company spun out a portion of its interest in Western Lithium, its wholly owned subsidiary, to the shareholders of the Company.
As a result of the Arrangement, the Company holds, as of the date hereof, an aggregate of 15,209,393 common shares which represent approximately 29.7% of the issued and outstanding shares of Western Uranium. All of the conditions of the Arrangement will be finalized as of July 16, 2008 when the shares of Western Lithium are posted and traded on the TSX Venture Exchange.
For further information regarding the Arrangement and the spin out, please refer to the Company’s information circular which is available on SEDAR.
On behalf of the Board of
Western Uranium Corporation
“Pamela J. Klessig”
Pamela J. Klessig
President & CEO
For further information contact:
Western Uranium Corporation
Pamela Klessig, Chief Executive Officer
Telephone: 775-827-3311
Email: info@westernuranium.com
Website: www.westernuraniumcorp.com
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved or disapproved of the contents of this press release.
Western Uranium Corporation is a mineral exploration company with a focus on uranium. The company has exploration properties in Kings Valley, Nevada, Treeline, New Mexico and in the Thelon Basin, Nunavut and the Northwest Territories. The Company has its head office in Vancouver, Canada; and its executive management team is based in Reno, Nevada.
Western Lithium Corporation is a mineral exploration and development company with a focus on lithium. The company has an exploration property in Kings Valley, Nevada through a lease option agreement with a wholly owned subsidiary of Western Uranium Corporation.