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Sep. 23, 2010 (TheNewswire.ca) --
Anglo Canadian Uranium Corp. (TSX-V: URA)(the "Company") is pleased to announce the Company intends to complete a 2,000,000 flow through share private placement at $0.12 per unit. Each unit will consist of one (1) flow through share, and a half warrant with an exercise price of $0.17 in the first year and $0.25 in the second year. A finders fee may be payable in conjunction with this financing.
Proceeds from this private placement will be used to further exploration at its portfolio of gold assets, with prime focus on its four Yukon gold projects. These gold properties lie in the White Gold district of the Yukon, with the Company having completed preliminary exploration in order to define prospective drill targets. In addition, the Company holds gold projects in the Princeton region of British Columbia, and gold and uranium projects in Quebec.
This financing is subject to TSX Venture Exchange approval.
About Anglo-Canadian Uranium Corp. (TSXV:URA)
Anglo Canadian Uranium is a junior mineral exploration company with uranium, copper, and gold properties in Quebec, Colorado, Utah, British Columbia, and Yukon. For more information on the Company and its projects, please visit the website at www.anglocanex.com
ON BEHALF OF THE BOARD OF DIRECTORS:
"Len J.Harris"
Len J. Harris, President
T: 604 669 6807
Toll Free: 866 488 3838
E: len@anglocanex.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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