Lightbridge Corporation Files Registration Statement to Provide Additional
Financing Flexibility
MCLEAN, Va., Oct. 27, 2009 (GLOBE NEWSWIRE) -- Lightbridge Corporation
(Nasdaq:LTBR), the leading developer of non-proliferative nuclear fuel
technology and provider of comprehensive advisory services for civil nuclear
energy programs, today announced the filing of a Form S-3 shelf registration
statement with the Securities and Exchange Commission ("SEC"). Once the shelf
registration statement is declared effective by the SEC, the Company may offer
and sell, from time to time in the future, up to $50 million of its securities.
The securities may be offered in one or more offerings, and at prices subject to
prevailing market conditions to be set forth in a supplemental prospectus filing
with the SEC at the time of such offering, should such an offering occur.
This registration statement will provide the Company with additional flexibility
to raise capital, depending on favorable market conditions. At present, however,
Lightbridge does not currently have any commitments to sell securities. Unless
otherwise specified in the applicable prospectus supplement, the net proceeds
from any offering under the registration statement would be used for general
corporate purposes, including working capital for development and
commercialization of the company's non-proliferative nuclear fuel technology.
The Company could not have filed this shelf registration prior to the NASDAQ
listing and management believes this action is appropriate to allow the Company
to avail itself to options for potential equity funding in the future.
No securities may be sold, and no offers to purchase securities, under the
registration statement may be accepted until the registration statement is
declared effective by the SEC. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.
About Lightbridge Corporation
Lightbridge is a U.S. nuclear energy company based in McLean, VA. with
operations in Abu Dhabi, Moscow and London. The Company develops
non-proliferative nuclear fuel technology and provides comprehensive advisory
services for established and emerging nuclear programs based on a philosophy of
transparency, non-proliferation, safety and operational excellence.
Lightbridge's breakthrough fuel technology is establishing new global standards
for safe and clean nuclear power and leading the way towards a sustainable
energy future. Lightbridge consultants provide integrated strategic advice and
expertise across a range of disciplines including regulatory affairs, nuclear
reactor procurement and deployment, reactor and fuel technology and
international relations. It leverages those broad and integrated capabilities by
offering their services to commercial entities and governments with a need to
establish or expand nuclear industry capabilities and infrastructure.
The Lightbridge Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6636
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CONTACT: Lightbridge Corporation
Jim Guerra
571-730-1203
Ogilvy Public Relations
Greg Jawski
212-880-5353
