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Uranium Participation Corporation Announces Normal Course Issuer Bid


Thursday, 26 Sep 2013 05:00pm EDT 

Uranium Participation Corporation announced that it has received approval from the Toronto Stock Exchange (the TSX) to acquire for cancellation, by way of normal course issuer bid (the Bid) up to 8,035,744 common shares of the Corporation (Shares), which, at the date hereof, represent approximately 10% of the public float. As of September 25, 2013, 106,350,413 Shares of the Corporation are outstanding. Daily purchases will be limited to 102,327 Shares, other than block purchase exceptions. The purchases may commence on September 30, 2013 and will terminate on September 29, 2014 or on such earlier date as UPC completes its purchases. The purpose for the Bid is to provide UPC with a mechanism to decrease the potential spread between the net asset value per Share and the market price of the Shares. Purchases will be made by the Corporation in accordance with TSX requirements, and the price which the Corporation will pay for any Shares will be the market price of the Shares at the time of acquisition. All purchases will be effected through the facilities of TSX. All purchased Shares will be cancelled. Since being listed on the TSX in May 2005, the Corporation has purchased an aggregate of 1,209,400 of its outstanding Shares. These purchases were effected through the facilities of the TSX pursuant to a normal course issuer bid during the twelve month period commencing June 14, 2011. All purchased Shares were cancelled. 

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