UC Resources arranges $87,000 placement at 10 cents

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AGORACOM-JEFFC

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UC Resources arranges $87,000 placement at 10 cents

posted on Jun 10, 2011 05:39PM

UC Resources Ltd. has agreed, subject to regulatory approval, to a non-brokered private placement to issue 870,000 common shares for proceeds of $87,000. There will be no warrants attached to the private placement and no finders' fees will be paid. The proceeds of the private placement will be used for general working capital purposes.