Uranium Participation Corporation Reports Net Asset Value at February 29, 2012
16 March 2012 - 3:04AM
Marketwired Canada
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.
Uranium Participation Corporation ("UPC") (TSX:U) reports its estimated net
asset value at February 29, 2012 was CDN$712.2 million or CDN$6.70 per share. As
at February 29, 2012, UPC's investment portfolio consisted as follows:
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(in thousands of Canadian dollars,
except quantity amounts) Quantity Cost Market Value
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Investments in Uranium:
Uranium oxide in concentrates
("U3O8") 7,250,000 lbs $ 342,495 $ 371,948
Uranium hexafluoride ("UF6") 2,374,230 KgU $ 389,998 $ 330,281
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$ 732,493 $ 702,229
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U3O8 average cost and market value
per pound:
- In Canadian dollars $ 47.24 $ 51.30(1)
- In United States dollars $ 43.23 $ 52.00
UF6 average cost and market value
per KgU:
- In Canadian dollars $ 164.26 $ 139.11(1)
- In United States dollars $ 152.06 $ 141.00
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(1) Converted at the February 29, 2012 exchange rate of $0.9866.
About Uranium Participation Corporation
Uranium Participation Corporation is an investment holding company which invests
substantially all of its assets in uranium oxide in concentrates (U3O8) and
uranium hexafluoride (UF6) (collectively "uranium"), with the primary investment
objective of achieving appreciation in the value of its uranium holdings.
Additional information about Uranium Participation Corporation is available on
SEDAR at www.sedar.com and on Uranium Participation Corporation's website at
www.uraniumparticipation.com.
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