Press release from Marketwire
Uranium Participation Corporation Reports Net Asset Value at February 29, 2012
Thursday, March 15, 2012
TORONTO, ONTARIO--(Marketwire - March 15, 2012) -
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Uranium Participation Corporation ("UPC") (TSX:U) reports its estimated net asset value at February 29, 2012 was CDN$712.2 million or CDN$6.70 per share. As at February 29, 2012, UPC's investment portfolio consisted as follows:
|(in thousands of Canadian dollars, except quantity amounts)||Quantity||Cost||Market Value|
|Investments in Uranium:|
|Uranium oxide in concentrates ("U3O8")||7,250,000 lbs||$||342,495||$||371,948|
|Uranium hexafluoride ("UF6")||2,374,230 KgU||$||389,998||$||330,281|
|U3O8 average cost and market value per pound:|
|- In Canadian dollars||$||47.24||$||51.301|
|- In United States dollars||$||43.23||$||52.00|
|UF6 average cost and market value per KgU:|
|- In Canadian dollars||$||164.26||$||139.111|
|- In United States dollars||$||152.06||$||141.00|
1 Converted at the February 29, 2012 exchange rate of $0.9866.
About Uranium Participation Corporation
Uranium Participation Corporation is an investment holding company which invests substantially all of its assets in uranium oxide in concentrates (U3O8) and uranium hexafluoride (UF6) (collectively "uranium"), with the primary investment objective of achieving appreciation in the value of its uranium holdings. Additional information about Uranium Participation Corporation is available on SEDAR at www.sedar.com and on Uranium Participation Corporation's website at www.uraniumparticipation.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Ron Hochstein Uranium Participation Corporation President (416) 979-1991 Ext. 232
James Anderson Uranium Participation Corporation Chief Financial Officer (416) 979-1991 Ext. 372 www.uraniumparticipation.com