LONDON, August 21 /CNW/ - Uruguay Mineral Exploration Inc. (the "Company") (TSX VENTURE:UME) (LSE:UGY) announces that last Friday 17 August William Lindqvist, Non Executive Director of the Company, purchased 10,000 Common Shares of the Company ("Common Shares"), 6,900 of which at a price of C$ 3.11 per share and 3,100 of which at a price of C$ 3.22 per share.
The Company also announces that Tony Shearer, Non Executive Chairman of the Company, yesterday purchased 40,000 Common Shares at a price of C$ 2.97 per share.
Following his purchase, Mr. Lindqvist has an interest of 10,000 Common Shares representing 0.02% of the Company's issued share capital and 50,000 options to purchase 50,000 Common Shares at an exercise price of C$ 4.62 expiring on 6 December, 2010.
In addition, following his purchase Mr. Shearer has an interest in 543,834 Common Shares representing 1.11% of the Company's issued share capital and 50,000 options to purchase 50,000 Common Shares at an exercise price of C$ 4.50 expiring on 15 September, 2010.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Editors note: Uruguay Mineral Exploration Inc. is a gold producer and exploration company focused on identifying and developing mineral opportunities in Uruguay. UME is a fully integrated mining company, possessing the skills necessary to explore and develop its discoveries. The Company operates the only producing gold mine in Uruguay (San Gregorio), and is also the leading mineral exploration company in Uruguay having assembled an exploration portfolio based on gold, base metals (copper, nickel, lead, zinc) and diamond prospects.
Uruguay Mineral Exploration Inc. is quoted in Canada (TSXV) and London (AIM) and Collins Stewart Europe Limited is its Nominated Adviser and Broker.