Birchpoint Capital Inc. Announces Name Change and Record Date of Share Split
Birchpoint Capital Inc. (the “Corporation”) is pleased to announce its name change to Ucore Uranium Inc. The Corporation and its wholly owned subsidiary, Ucore Uranium Inc. (previously, Hot Rock Uranium Corp.), completed a vertical short form amalgamation today whereby the amalgamated corporation has been named Ucore Uranium Inc.
In addition, the board of directors of the Corporation has approved a share split in conjunction with the name change on a two new for one old basis. The share split is intended to promote liquidity and bring the Corporation’s shares more in line with comparable corporations in the uranium exploration sector.
The record date for the split has been fixed at Thursday, October 12, 2006. The Corporation expects its common shares to start trading under its new name Ucore Uranium Inc. and the trading symbol “UCU” on the TSX Venture Exchange on a split basis on Tuesday, October 10, 2006.
There are 15,990,000 common shares of the Corporation issued and outstanding as at the date hereof. After the split, there would be 31,980,000 common shares of the Corporation issued and outstanding.
The TSX Venture Exchange has conditionally approved the foregoing name change and share split along with the Corporation’s qualifying transaction and a private placement of 3,320,000 common shares. The Corporation closed the private placement and its qualifying transaction when it acquired all of the issued and outstanding securities of Hot Rock Uranium Corp. (subsequently, re-named Ucore Uranium Inc.) on September 26, 2006. The Corporation expects the TSX Venture Exchange to issue a bulletin shortly with respect to these and other matters.
Upon receiving final approval of these matters from the TSX Venture Exchange, Ucore Uranium Inc. will be a mining exploration corporation. For further information, please contact Mr. Daniel Whittaker, President and Chief Executive Officer of the Corporation at:
Telephone: (902) 482-5214
Fax: (902) 492-0197
This press release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Corporation expects, are forward looking statements. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release. (Not for dissemination in the United States of America)