Mesa Uranium Corp.
Mesa Uranium Corp.
Mesa Uranium Corp.
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December 07, 2010
Mesa Uranium Closes Private Placement
December 07, 2010 -- Mesa Uranium Corp. (TSXV: MSA) ("Mesa" or the "Company") is pleased to announce it has closed the previously announced non brokered private placement of 1,300,000 units (the "Units") at a price of $0.25 per Unit for gross proceeds of $325,000. Each Unit consists of one common share (a "Share") in the capital of Mesa and one non-transferable common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder thereof to purchase one additional common share (a "Warrant Share") in the capital of Mesa at a price of $0.35 per Warrant Share. The Warrants will expire 24 months from the date of issue unless the closing price of the common shares has been $0.50 or higher for 20 consecutive trading days, in which case the Warrants will expire if not exercised within 30 days. The securities issued under the Offering are subject to a four month hold period expiring April 6, 2011.
Proceeds from the Offering will be used to advance Mesa's exploration projects and for general working capital. Certain insiders of the Company participated in the offering.
About Mesa Uranium
Mesa is exploring a portfolio of premier uranium, lithium and potash properties in the United States where it controls significant land holdings. All projects are within proven mining districts with excellent access and infrastructure. For further information please visit our website at www.mesauranium.com.
ON BEHALF OF THE BOARD
MESA URANIUM CORP.
(signed) Foster Wilson, President and CEO
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company 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 the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filings that are available at www.sedar.com
For further information call:
Susan Bertling, Corporate Communications, 604-688-7508
The TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.
You can view the Previous News Releases item: Mon Nov 8, 2010, Mesa Uranium Announces Private Placement
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SHARES OUTSTANDING: 10,945,376
SHARES FULLY DILUTED: 12,476,210
INSIDER OWNERSHIP: 34%
TSX-V Symbol: MSA
US Symbol: MSAJF
Mesa Uranium Corp. is exploring a portfolio of premier lithium, uranium and potash properties in the United States. All projects are within proven mining districts with excellent access and infrastructure.
Mesa's Green Energy Lithium Project is located in Grand County, Utah, an ideal climate and environment for a lithium brine operation. The Project is accessible by paved and dirt roads.
Lithium rich brine, grading as high as 1,700 ppm, was first discovered in this area of Utah during oil exploration in the 1960's. Drilling unexpectedly encountered high pressure brine blow-outs with rates up to 1,000 gallons per minute at a depth of 6,000 feet. Mineral-rich brine flows contained up to 40% dissolved solids and were encountered over 48 square miles centred on the Green Energy Project. The main brine bearing zone, Clastic Zone 31, is not part of any oil reservoir.
Historical reports on the brine occurrence in Clastic Zone 31 suggested a potential for at least 15 million barrels with an upside of hundreds of million of barrels of brine. In addition to the known brine occurences, Mesa also plans to explore previously untested synclinal features for brine. With attractive lithium values grading as high as 1,700 ppm (comparable to Silver Peak, the only lithium mine in America), the Company believes the Green Energy Project could have world class potential for commercial production of lithium.
Mesa Uranium Corp.
(TSX-V: MZU) is an exploration company exploring for uranium
in the Colorado Plateau region of the United States.
The principal project is located in the Lisbon Valley Mining
District, the second largest uranium producing district
in the United States.
Mesa's land position is in excess of 30,000 acres
(46 square miles) in prolific uranium districts in Utah
Lisbon Valley Project
Mesa Uranium's 30 square mile Lisbon Valley Project
is located in the Lisbon Valley Mining District.
Over 85 million pounds of uranium oxide (U3O8) were produced
in the district at an average grade of 0.4% U3O8
(8 pounds per ton).
Mesa Uranium is currently drilling several target areas
throughout the district.
Historc uranium & vanadium mines -
A Little Moab History -
In early 1952 an unemployed Texas geologist named
Charley Steen discovered one of the the mines in the
World's largest concentrations of uranium ore
near Moab, Utah.
Steen became an instant millionaire and set off a modern
day mining boom -
His Mi Vida Mine is famous for sitting in the largest
high-grade pitchblende (uranium) ore body ever discovered
at that time in the United States,
last valued at more than 160 Million (1953 dollars -
about $1.6 Billion in 2007 fiatz-dollars)....
Charlie Steen's Mi Vida Uranium Mine;
Mi Vida - this old uranium mine Lady started
the whole uranium boom in the Moab area -
This discovery unleashed a massive "uranium boom" on
the Colorado Plateau, and turned tiny Moab, UT into
"the uranium capital of the world."
The mine closed in the 1980s.
High grade ore from the Mi Mida Mine,
Lisbon Valley, Utah
Pitchblende from the Mi Vida Mine -
Lisbon Valley Utah
Carnotite uranium ore from Lisbon Valley, Utah
Electric power infrastructure, Lisbon Valley, Utah -
The old uranium & vanadium mines were discovered and
uranium mining had just started when US Gov. said,
the Gov. the inventorie -
is now filled -
and we don't need any more U3O8 for the bombs for some years,
so you may close down the mines now.
Moonshine Springs Project -
The 5 square mile Moonshine Springs Project
is located in Mohave County, Arizona
and was previously explored by Exxon Minerals.
Exxon drilled several holes on the project,
the best hole intercepted six feet grading 0.4% U3O8
(8 pounds per tons).
Dennison Mines owns the neighboring Moonshine Springs uranium
deposit (2.5 million pounds U3O8) located
approximately 1 mile from the project.
Permitting is ongoing with drilling planned for 2007.
Breccia Pipe Project -
The Project is located in Mohave and Coconino counties,
Arizona and consists of several targets in
an 11 square mile area.
The Arizona Strip, as the area is known, was the highest grade
district in the United States, producing over 20 million pounds
of U3O8 at an average grade of 0.65% (13 pounds per ton).
|September 08, 2010 ||Mesa Engages Continental Metallurgical Services |
|September 02, 2010 ||Mesa Uranium Signs Definitive Agreement on the Holbrook Potash Project |
|August 25, 2010 ||Mesa Signs Letter of Intent to Acquire Potash Project |
|July 14, 2010 ||Mesa Signs Letter of Intent on the Holbrook Potash Project |
|June 21, 2010 ||Mesa Receives Drilling Permit at Moonshine Springs, Arizona |
|April 20, 2010 ||Mesa Initiates Permitting for Green Energy Lithium Project |
|March 17, 2010 ||Green Energy Lithium Project Expands |
|December 17, 2009 ||Green Energy Lithium Project Update |
|December 01, 2009 ||Closes Private Placement |
|November 25, 2009 ||Announces Private Placement |
|November 20, 2009 ||Closes Private Placement with Pinetree Resource Partnership |
|November 10, 2009 ||Private Placement Announced |
|November 04, 2009 ||Acquires Green Energy Lithium Project |
|May 27, 2009 ||Acquires Additional Potash Projects in Utah |
|January 22, 2009 ||Acquires Arizona Potash Exploration Permits |
|September 15, 2008 ||Acquires Utah Potash Project, Consolidates Shares |
|July 23, 2008 ||Mesa Uranium Announces Closing of Private Placement |
|May 30, 2008 ||Mesa Uranium Announces Private Placement |
|May 22, 2008 ||Mesa Uranium Signs Definitive Joint Venture Agreement with Energy Fuels |
|May 07, 2008 ||Mesa Uranium Conducts Radon Survey at Moonshine Springs, Arizona |
|February 26, 2008 ||Mesa Uranium Expands Land Holdings, Forms WellProbe Geophysical With New Horizon Uranium |
|January 08, 2008 ||Mesa Uranium Drills Significant U3O8 In Arizona |
|November 15, 2007 ||Mesa Uranium Begins Drilling Moonshine Springs Uranium Project in Arizona |
|November 14, 2007 ||Mesa Uranium Extends Mineralization Around L-15 Discovery Hole - RAD Target Area Drilling |
|October 04, 2007 ||Mesa Uranium Begins Step-out Drilling On Uranium Discovery |
|October 02, 2007 ||Mesa Uranium Updated In Jay Taylor's Energy Newsletter |
|September 13, 2007 ||Mesa Uranium Corp. Appoints Mr. Joseph Giuffre to Board of Directors |
|September 10, 2007 ||Mesa Uranium Drills 17.5 Feet Grading 0.11% U3O8 |
|July 04, 2007 ||Mesa Uranium Retains AGORACOM To Provide Investor Relations |
|June 27, 2007 ||Mesa Uranium Signs Second LOI with Energy Fuels Inc. |
|June 18, 2007 ||Mesa Uranium Begins Drilling At Lisbon Valley Project |
|June 05, 2007 ||Mesa Uranium Signs LOI with Energy Fuels Inc. |
|May 04, 2007 ||Mesa Uranium Acquires Arizona Breccia Pipe Targets |
|April 23, 2007 ||Mesa Uranium Lisbon Valley Project Drilling Program |
|April 18, 2007 ||Mesa Uranium Acquires Additional Land at Moonshine Springs |
|April 11, 2007 ||Mesa Uranium Closes $3 Million Private Placement |
|March 16, 2007 ||Mesa Uranium Announces Private Placement |
|March 01, 2007 ||Acquisition of Exploration Data |
|February 19, 2007 ||Acquisition of Arizona Project |
|February 06, 2007 ||North Alice Drilling Results |
|December 15, 2006 ||Mesa Uranium Profiled on BTV |
|December 13, 2006 ||Exploration Program Update |
|November 29, 2006 ||Commences Drilling At North Alice And Texwood |
|November 24, 2006 ||Drill Permits Granted for North Alice and Texwood Targets |
|November 14, 2006 ||Acquisition Of State Lease In Lisbon Valley Utah |
|October 25, 2006 ||Mesa Uranium Drill Results |
|October 04, 2006 ||Mesa Uranium Management Appointments |
|September 28, 2006 ||Mesa Uranium Expands Exploration Program |
|September 20, 2006 ||Mesa Retains Longview Strategies To Provide Investor Relations |
|September 14, 2006 ||Mesa Uranium Intersects Uranium In Drilling |
|August 17, 2006 ||Mesa Uranium Drilling Results for Three Holes |
|July 26, 2006 ||Mesa Uranium Drilling Update, District Developments |
|May 31, 2006 ||Mesa Uranium Commences Drilling at the Lisbon Valley Project |
|May 24, 2006 ||Mesa Uranium Receives Drilling Permit |
|May 17, 2006 ||Mesa Uranium Acquires Additional Claims in Lisbon Valley Utah |
|April 24, 2006 ||Mesa Uranium Warrants Commence Trading April 24, 2006 |
|April 21, 2006 ||Mesa Uranium Selects Drilling Contractor |
|April 05, 2006 ||Field Work Commences on Uranium Project |
|February 07, 2006 ||Mesa Uranium Announces Appointment Of Vice President, Exploration |
|January 31, 2006 ||Permitting Initiated For The Lisbon Valley Uranium Project |
|December 21, 2005 || |
Completion Of Acquisition Of Uranium Assets