Uranium Participation Corp. Reports Net Asset Value at February 28, 2013
20.03.2013 | Marketwire
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.TORONTO, ONTARIO -- (Marketwire - March 20, 2013) - Uranium Participation Corporation ("UPC") (TSX:U) reports its estimated net asset value at February 28, 2013 was CDN$615.9 million or CDN$5.79 per share. As at February 28, 2013, UPC's investment portfolio consisted as follows:
(in thousands of Canadian dollars, except quantity amounts)
Quantity Cost Market Value
Investments in Uranium:
Uranium oxide in concentrates ("U3O8") 7,250,000 lbs $ 342,495 $ 313,178
Uranium hexafluoride ("UF6") 2,374,230 KgU $ 389,998 $ 293,028
$ 732,493 $ 606,206
U3O8 average cost and market value per pound:
- In Canadian dollars $ 47.24 $ 43.20(1)
- In United States dollars $ 43.23 $ 42.00
UF6 average cost and market value per KgU:
- In Canadian dollars $ 164.26 $ 123.42(1)
- In United States dollars $ 152.06 $ 120.00
(1) Converted at the February 28, 2013 exchange rate of $1.0285.
About Uranium Participation Corporation
Uranium Participation Corporation is a company that 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.
Contact
Uranium Participation Corporation
Ron Hochstein, President
(416) 979-1991 Ext. 232
Uranium Participation Corporation
James Anderson, Chief Financial Officer
(416) 979-1991 Ext. 372
www.uraniumparticipation.com