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WUC Western Uranium Corp.

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Share Name Share Symbol Market Type
Western Uranium Corp. TSXV:WUC TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Western Uranium Receives Final Order Approving Plan of Arrangement

20/06/2008 11:57pm

Marketwired Canada


NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Western Uranium Corporation ("the "Company") (TSX VENTURE:WUC) is pleased to
announce that it has received the final order from the Supreme Court of British
Columbia approving the previously announced statutory plan of arrangement (the
"Arrangement"). Under the Arrangement, the Company will spin out a portion of
its interest in Western Lithium Canada Corporation ("Western Lithium"), it
wholly owned subsidiary, to the shareholders of the Company. Western Lithium,
through its wholly owned subsidiary, has entered into a mining lease and option
agreement with Western Energy Development Corp., a wholly owned subsidiary of
the Company, pursuant to which it was granted the exclusive right to explore for
lithium bearing minerals and clay on the Company's Kings Valley property.


Completion of the Arrangement is subject to a number of conditions including the
listing of the common shares of Western Lithium on the TSX Venture Exchange (the
"Exchange"). In addition, Western Lithium is completing a previously announced
private placement of 16,220,000 of its common shares which are being offered at
a price of $0.50 per share for gross proceeds of $8,110,000. It is intended that
the private placement will close immediately prior to the listing of the common
shares of Western Lithium on the Exchange. Western Lithium has applied to list
its common shares on the Exchange and listing is conditional upon Western
Lithium fulfilling all of the listing requirements and conditions of the
Exchange. The Company and Western Lithium will make further announcements to
update their shareholders as to the status of the listing application and the
private placement.


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, President & CEO

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.


1 Year Western Uranium Corp. Chart

1 Year Western Uranium Corp. Chart

1 Month Western Uranium Corp. Chart

1 Month Western Uranium Corp. Chart

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