Replies to post #476 on Texas Mineral Resources Corp (TMRC)

[Magnoliavoice]

No, I don't believe it was mostly insiders. Of more concern is they could only sell 1/3
of the rights at .075 UURAF and .10 UCU--a poor statement of confidence. The international court problems are especially concerning. It is draining their limited cash and diverting company attention.

[Magnoliavoice]

farmi: As I said, insiders did not purchase most of the rights. Way more were purchased by non-insiders and are in far less strong hands. Meaningful and has and will continue to dampen and limit share price rise for some time--shouldn't be anything like TMRC's explosive move as company has no cheap share overhang and has a very small float.

Insiders=29 million RO shares. Others=51 million RO shares

"At closing, Ucore issued 80,986,555 common shares of the Company (“Shares”) at a price of CAD$0.10 per Share for total gross proceeds of $8,098,655.50. Following the closing of the Rights Offering, Ucore has 365,116,414 Shares issued and outstanding. A total of 66,552,655 Shares were issued pursuant to the basic subscription privilege of the Rights Offering. Of these, 28,184,191 Shares were issued to persons who were insiders of the Company, as a group, and 38,368,464 Shares were issued to all other persons. A total of 14,433,900 Shares were issued pursuant to the additional subscription privilege of the Rights Offering. Of these, 809,259 Shares were issued to persons who were insiders of Ucore, as a group, and 13,624,641 Shares were issued to all other persons. To the knowledge of the Company, after reasonable inquiry, no person became an insider as a result of the Rights Offering."