Vancouver, British Columbia: Western Uranium Corporation, (the "Company") is pleased to announce that further to its news release dated October 17, 2006 the Company has increased the size of the brokered private placement of 4,550,000 units (the "Units") being conducted by Haywood Securities Inc. (the "Agent"). The Company has now granted the Agent the option to increase the size of the offering by up to 1,510,000 Units for total gross proceeds of up to $6,666,000. All other terms of the private placement remain as previously announced.
Signed:
John Proust, Director
For further information contact:
Western Uranium Corporation
John Proust, Director
Telephone: 604-669-6446
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 the Thelon Basin in the Northwest Territories. The Company has its head office in Vancouver, Canada; and its executive management team is based in Reno, Nevada.
This press release does not constitute an offer to sell or solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States or to U.S. Persons Securities Act of 1933, as amended (the "US Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Forward-looking statements: This document may contain statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the Company's capability to execute and implement its future plans. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.
