Uranium Exploration Corporation fka UEXCF

[Destinator]

TWO TWO TWO Mints in One.

UEX is considering a Spin-Out of its HIGH GRADE COBALT property into a company called CoEX. This spinout is expected to result in free shares for all UEX shareholders. This is expected to be carried out in a similar fashion to the Spin-Out carried out by Pioneer Metals (PSM) when it gave birth to UEX many years ago. PSM was sold for $1.00 a share (up from mid $0.20's) and UEX reached as high as $9.00 from the mid $0.20's.

In other words, people who held onto both shares after the Spin Out of UEX from PSM could have made up to $9.80 profit on a $0.25 investment.

Can it happen again? Well that depends if you believe that Uranium is about to go ballistic and if you believe that Cobalt will continue to gain in price as well due to the growing demand for Electronic Vehicles.