Athabasca Uranium Inc. ( UAX.v / ATURF)
The CUSIP Number is 04682Q109 and the ISIN number is CA 04682Q1090
Shares Outstanding Basic 15,000,000
Shares Fully Diluted 20,325,000
Cash Position $ 800,000
Fully Diluted Cash $ 1,825,000
Debt $ 0
Insider Holdings ~ 27% 4,000,000
09 July 2010 BOE Capital Announces Closing of its Qualifying Transaction and Concurrent Private Placement
21 July 2010 BOE Announces change of name to Athabasca Uranium Inc. & New Symbol "UAX"
04 August 2010 Athabasca Uranium appoints Maddison as Director - Grants Options
Athabasca Uranium Inc. is a Vancouver-based junior resource company focused on uranium exploration in the Athabasca Basin of northern Saskatchewan, home to some of the highest grade deposits and mines in the world.
Athabasca Uranium's strategy is to acquire and develop conceptual and early stage exploration opportunities and, through the use of cutting edge technology and geological understanding, advance towards resource development through the creation of strategic alliances or joint venture partnerships with major exploration and mining companies, investment funds and government agencies
In 2001, Leonard Van Betuw founded Kinetex Resources Corporation as an “applied sciences" company rather than just another seismic company, by designing and bringing to market (with ION Geophysical of Houston) a new generation of seismic sensors - digital accelerometers called VectorSeis, incorporating advantages in miniaturization, digital signal capture, much higher resolution, and true spatial wave capture - basically a better mousetrap.
Don McCarthy Property
The Don McCarthy claims (S-110884 & S-110885) cover 7,584 hectares (18,580 acres) and lie 40 kilometers east of the MacArthur River Mine and 29 kilometers southeast of the Cigar Lake Mine (both owned by Cameco Corp.) on the eastern edge of the Athabasca Basin in Northern Saskatchewan, the heart of uranium in Canada.
The Company owns 50% of the claims with no encumbrances save a 2.5% net smelter royalty. The property acquisition constitutes the Company’s Qualifying Transaction.
In 2007, a 4,600 kilometer airborne Tempest MAG/EM survey was flown over the Property to test for the presence and extent of graphitic zones that can host uranium mineralization, as well as to map contacts and faults on the property.
The results of the survey were extremely positive, mapping several large conductors identified at shallow basement depths that were coincident with magnetic lows and with faulting on the property. The survey also showed the northern and northwestern parts of the area to exhibit higher conductivity for the most attributable to conductive cover. A smaller area of higher conductivity with increasing conductivity at depth can be seen near the southeastern corner of the block, coincident with a small elongated magnetic high.
MANAGEMENT AND BOARD
Gil Schneider - President & CEO , Director
•Founder / CEO / Director - Kinetex Resources Corporation
•32+ years senior management experience
•Director - AgriMarine Holdings Inc. / AXEA Capital Corp.
Leonard Van Betuw BSc - VP Exploration
•Founder / CEO / Director - Kinetex Multi-Component Services
•Geophysical experience – participation in over 100 projects world-wide
•20+ years technical experience - 3D seismic design, modeling & processing
D. Barry Lee, BA - Chairman & CFO
•Founder / former Co-Chairman - Canadian Phoenix Resources Corp.
•Co-founder / former COO - Choice Resources Corp
•20+ years senior management experience & resource sector M&A expertise
Ken Maddison, FCA - Director
•Former partner - KPMG (retired 1997) with 30+ years audit & business advisory experience
•Former Director & Officer - uranium explorer Northern Continental Resources
•Elected a Fellow of the Institute of Chartered Accountants of BC in 1975
Steven Bruk, BA - Director
•Resource sector management expertise
•Co-founder / former President & CEO - Choice Resources Corp.
•Corporate finance for natural resource and hi-tech industries
Power point presentation
Other Notes of Interest
Currently applying for pink sheets US ticker.
Property is situated in the middle of a heavy Uranium basin.
Property is 40KM from the largest Uranium mine in the world.
Shallow strike zone, means open pit mining potential
Property is 7,584 hectares (18,580 acres) in size
Radical new mobile imaging technology is holding a very high success rate on previous discoveries.
NI 43-101 has been completed on June 4th 2010.
Other properties to be announced shortly.
Extensive winter drilling program scheduled.
Complete financials and NI43-101 report at www.sedar.com
Suite 1040, 885 West Georgia Street
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