DGAP-News: Uranio AG: Corporate and Financing Update
(firmenpresse) - Uranio AG / Miscellaneous/Miscellaneous
07.07.2010 14:37
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Uranio AG WKN: A0MKD4
Hirschgässlein 30 Frankfurt: UAI
CH-4051 Basel
Schwitzerland
www.uranio.ch
Basel, 7th July 2010 Announcement
Corporate and Financing Update
The Board of Uranio would like to take this opportunity to update
shareholders on the Company progress during the year.
The Company is pleased to report the Argentinean joint venture with
Mercator is progressing well. Mercator has requested an extension to the
agreement to enable Mercator to complete the required due diligence.
The Company's Central African Republic concession agreements have been
subject to a detailed analysis by external geological consultants during
2010, the reports from the consultants lead the company to believe further
exploration is warranted, to this end the Company is finalising a 5,000
line km air borne radiometric and magnetic gradiometry survey, follow up
geological program and diamond drilling.
The Company must raise by authorised capital additional funding in the
short term to commence the planned exploration program and meet corporate
operating overheads.
The Central African Republic concessions are up for renewal in August 2010
and the company will need to raise additional funds to meet these
obligations.
The Board is confident that after discussions with potential investors the
Company will be able raise the necessary funds, sufficient for ongoing
operations and planned exploration programs in the Central African
Republic, even within this difficult market environment.
The Directors wish to advise shareholders that without raising these
additional funds the Company will not be a going concern.
On behalf of the Board of Directors
David Risbey
Disclaimer:
This document was prepared by Uranio AG. The opinions stated herein are
those of Uranio AG at the time of publication and are subject to change at
any time. The document is only for the purpose of information and use by
its recipient. It is neither an offer nor an invitation to purchase or sell
Uranio AG shares. A reference to the performance of the past shall not be
understood as an indication of future developments. The information and
analysis contained in this publication have been compiled from sources that
are deemed to be reliable. However, Uranio AG gives no guarantee with
regard to their reliability and completeness and rejects any claim for
damages that may be the result of use of this information.
Uranio AG
Hirschgässlein 30
CH-4051 Basel
Schwitzerland
Phone: +41(61)271 27 70
Fax: +41(61)271 27 71
07.07.2010 14:37 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Datum: 07.07.2010 - 14:37 Uhr
Sprache: Deutsch
News-ID 23599
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Kategorie:
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