URU Metals Limited Regulatory News (URU)

30 Jul 2009 15:29



For immediate release

 30 July 2009

Niger Uranium Limited

("Niger Uranium", "NUL" or the "Company")

Placing update

On 6 July 2009 the Directors of Niger Uranium announced that the Company had conditionally placed up to 4,340,052 new ordinary shares (the "Ordinary Shares") at a placing price of 21p per Ordinary Share (the "Placing Price") to raise £911,411 before expenses (equivalent to approximately US$1.5 million at current exchange rates) subject to admission (the "Placing"). The Company has to date received completed applications in respect of 3,761,378 new Ordinary Shares to raise £789,889 at the Placing Price. Application will be made in due course to AIM in respect of these new Ordinary Shares and a further announcement will be made when the application has been submitted and the expected date of the commencement of trading of the new Ordinary Shares on AIM is known.

Contacts:

Niger Uranium Limited (Tel: +27 (0) 11 269-4900)

Ian Stalker, Executive Director and CEO 

Beaumont Cornish Limited (Tel: +44 (0) 207 628 3396)

Michael Cornish

Or visit the group's website at www.niger-uranium.com