Ucore Announces Management Changes
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
(Halifax, N.S., September 21, 2009) Ucore Uranium Inc. (TSX-V: UCU,“Ucore” or the “Corporation”) is pleased to announce the appointment of Mr. Peter Manuel as Vice-President, Chief Financial Officer and Corporate Secretary on a full time basis, subject to the approval of the TSX Venture Exchange, effective September 21, 2009.
Mr. Manuel is a Chartered Accountant with more than 17 years experience providing consulting services to companies in a range of sectors, with a focus on the financial services and resource sectors. He joins Ucore having spent the last 10 years in England and The Republic of Ireland providing assurance, strategic planning, corporate finance and other consulting services to a portfolio of both public and private entities including licensed banks, proprietary trading operations, and international corporate treasuries.
Commensurate with his appointment, Mr. Manuel will be granted 250,000 stock options, subject to the approval of the TSX Venture Exchange. The options are exercisable at a price of $0.84 per share and expire five years from September 21, 2009, the date of grant. The options will vest 25% on the first anniversary of the grant and in 25% increments every six months thereafter until fully vested.
Ucore also announces the departure of Mr. Keith Abriel as Vice-President, Chief Financial Officer and Corporate Secretary, who is leaving Ucore to focus on his role as Chief Financial Officer of Linear Gold Corp. on a full time basis.
“I am delighted that Peter Manuel has agreed to join the team at Ucore. Peter is a welcome, full time addition to Ucore’s executive team and will ensure that Ucore’s treasury and financial reporting functions continue to be well managed. I would like to thank Keith for his dedicated service to Ucore.”
For further information, please contact Mr. Jim McKenzie, President and Chief Executive Officer of Ucore Uranium Inc. at: (902) 482-5214.
Ucore Uranium Inc.
Signed “Jim McKenzie”
Jim McKenzie, President and CEO
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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined by the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.