Powertech Uranium Corp.

Published : February 09th, 2011

Announces Filing of Preliminary Prospectus

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Growth | Uranium |
=======================================================================
News Release - Tuesday, February 08, 2011
Powertech Announces Filing of Preliminary Prospectus
=======================================================================

POWERTECH URANIUM CORP.  ("Powertech" or the "Company") (Vancouver,
B.C.) is pleased to announce that it has filed a preliminary prospectus
with the securities regulatory authorities in the provinces of British
Columbia, Alberta, and Ontario in connection with a minimum $17.5
million proposed offering (the "Offering"). The Offering will be
comprised of units (the "Units"), each Unit to consist of one common
share of the Company and one-half of one common share purchase warrant.
Each whole warrant (a "Warrant") will entitle the holder to purchase
one common share of the Company for a period of two years following the
closing of the Offering.

The number of Units to be offered, the price per Unit and the exercise
price of the Warrants will be determined in the context of the market
prior to the filing of the final prospectus.

Powertech has entered into an agreement with a syndicate of agents led
by Salman Partners Inc. and including Dundee Securities Ltd. (the
"Agents") in respect of the Offering. The Offering is subject to
certain conditions, including shareholder and regulatory approval.

In addition, the Company will grant to the Agents an over-allotment
option to purchase up to that number of additional Units equal to 15%
of the number of Units sold pursuant to the Offering, exercisable at
any time up to 30 days from the closing of the Offering.

The Company intends to use the net proceeds from the Offering to
complete the initial $12.5 million payment to Soci�t� Belge de
Combustibles Nucl�aires Synatom SA ("Synatom") as described in the
February 4th, 2011 press release, for the advancement of the
Dewey-Burdock Project, and for general corporate purposes.

The Units, common shares and Warrants offered have not been registered
under the U.S. Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration or an
applicable exemption from the registration requirements. This press
release shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful.

POWERTECH URANIUM CORP.

Per: "Richard F. Clement"
Richard F. Clement Jr.,
President& CEO

For further information, please contact:

Thomas A. Doyle, CFO, VP Finance
Phone: (604) 685-9181
Email: info@powertechuranium.com


www.powertechuranium.com

The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of the content of this News Release


Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements,
which reflect the expectations of management regarding the Company's
overall business development objectives and plans. Forward-looking
statements consist of statements that are not purely historical,
including any statements regarding beliefs, plans, expectations or
intentions regarding the future.  Such statements are subject to risks
and uncertainties that may cause actual results, performance or
developments to differ materially from those contained in the
statements. No assurance can be given that any of the events
anticipated by the forward-looking statements will occur or, if they do
occur, what benefits the Company will obtain from them.  These
forward-looking statements reflect management's current views and are
based on certain expectations, estimates and assumptions which may
prove to be incorrect.  A number of risks and uncertainties could cause
our actual results to differ materially from those expressed or implied
by the forward-looking statements, including: (1) any number of events
or causes which may delay, postpone or result in the inability to close
the transactions contemplated in this news release,(2) the risk that
the Company does not execute its business plan, (3) inability to
finance operations and growth, (4) inability to obtain all necessary
environmental and regulatory approvals,  and (5) other factors beyond
the Company's control.  These forward-looking statements are made as of
the date of this news release and the Company assumes no obligation to
update these forward-looking statements, or to update the reasons why
actual results differed from those projected in the forward-looking
statements.  Additional information about these and other assumptions,
risks and uncertainties are set out in the "Risks and Uncertainties"
section in the Company's MD&A filed with Canadian security regulators.

=======================================================================
Copyright (c) 2011 POWERTECH URANIUM CORP. (PWE)  All rights reserved.
For more information visit our website at
http://www.powertechuranium.com/ or send mailto:info@powertechuranium.com
=======================================================================
.

Powertech Uranium Corp.

EXPLORATION STAGE
CODE : PWE.TO
ISIN : CA7393691067
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Powertech Uranium is a uranium development stage company based in Canada.

Its main exploration properties are ALADDIN, DEWEY TERRACE, CENTENNIAL and DEWEY BURDOCK in USA.

Powertech Uranium is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 5.4 millions as of today (US$ 4.7 millions, € 3.8 millions).

Its stock quote reached its highest recent level on March 30, 2007 at CA$ 4.50, and its lowest recent point on October 30, 2014 at CA$ 0.04.

Powertech Uranium has 152 950 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Powertech Uranium Corp.
Annual Report 2007
Annual Report 2006
Financings of Powertech Uranium Corp.
2/13/2013Announces Private Placement
11/7/2012Announces Conversion of Debt and Closing of Private Placemen...
10/26/2012Announces Private Placement
3/15/2011Closes Unit Offering and Refinancing Transaction
7/29/2008POWERTECH SHAREHOLDERS ELECT SYNATOM OFFICERS TO BOARD AND A...
Nominations of Powertech Uranium Corp.
5/10/2011Announces Resignation
3/2/2011Announces Pricing of Public Offering
2/21/2008Appoints Wallace M. Mays Chief Operating Officer
2/11/2008APPOINTS JOHN MAYS VICE PRESIDENT ENGINEERING
1/23/2008 APPOINTS DR. JAMES MUNRO AS SENIOR PROCESS DESIGN ENGINEER
Project news of Powertech Uranium Corp.
2/28/2014to Merge with Azarga Resources Limited to Create Azarga Ura...
3/21/2013Receives Safety Evaluation Report For The Dewey-Burdock Proj...
8/20/2010(Centennial)Receives Positive Results From Independent Preliminary Econo...
7/8/2010(Dewey Burdock) Receives Positive Results on Dewey-Burdock Project
4/1/2010(Dewey Burdock)Submits Permit Application to Epa for Deep Well Injection at...
10/26/2009(Dewey Burdock)Submits BLM Application Dewey-Burdock Project
10/7/2009(Dewey Burdock)Dewey-Burdock Project Application Accepted by NRC
8/12/2009(Dewey Burdock)Resubmits Dewey-Burdock NRC License Application
7/8/2009(Centennial)Options additional property at centennial
6/23/2009(Dewey Burdock)Significant Increases In Inferred Uranium Resources At Dewey...
6/17/2009(Dewey Burdock)To amend Dewey-Burdock NRC license application
2/26/2009(Dewey Burdock) Submits Nrc License Application, Achieves Key Milestones At...
1/15/2009(Dewey Burdock)SUBMITS UIC PERMIT APPLICATION AT DEWEY-BURDOCK
1/13/2009(Dewey Burdock)ACQUIRES ADDITIONAL LAND AT DEWEY-BURDOCK
8/6/2008(Dewey Burdock)DEWEY-BURDOCK PROJECT MINE PERMIT APPLICATION STATUS
2/27/2008(Dewey Burdock)COMPLETES 10 HOLE CORING PROGRAM AT DEWEY-BURDOCK PROJECT
1/31/2008(Dewey Burdock) Dewey Burdock Drilling Update
12/10/2007(Centennial)Centennial Drilling Update
10/30/2007(Centennial)Centennial Project - Mine Permiting Update
Corporate news of Powertech Uranium Corp.
10/29/2014Merger with Azarga Resources and $5=2E0m Financing Complete;...
9/15/2014Financing Facility with Azarga Resources and Amendment to Sh...
2/14/2014South Dakota Legislative Committee Defeats Anti-Powertech Bi...
1/30/2014NRC Publishes Final Supplemental Environmental Impact Statem...
10/21/2013Board Approves Premium Financing Facility With Azarga Resour...
8/1/2013Enters Into Agreements With Strategic Investor
4/4/2013NRC Revises Schedule for Final Suplemental Enviromental Impa...
3/21/2013News Release
1/7/2013Receives Second Draft Uranium Recovery License From NRC
1/7/2013News Release
8/1/2012Powertech News Release
8/1/2012Receives Draft Uranium Recovery License From NRC
6/25/2012(Aladdin)Completes NI 43-101 Report on the Aladdin Project
5/16/2012Announces Results From Annual General Meeting
4/19/2012Revised PEA Shows NPV of US $109 Million and IRR of 48% for ...
7/5/2011Announces Termination of Diehl and Varra Option Agreements
6/3/2011Announces Results From Annual And Special Meeting
5/9/2011Powerttech News Release
2/9/2011Announces Filing of Preliminary Prospectus
2/9/2011Poweretech News Release
6/30/2010Announces Drawdown Of Fourth Tranche Of $13.8 Million Loan F...
4/1/2010Announces Drawdown of Third Tranche of $13.8 Million Loan Fa...
12/2/2009Announces Drawdown of Second Tranche of $13.8 Million Loan F...
10/15/2009 Enters into $13,8 Million loan facility with Synatom
10/7/2009NRC Application Accepted
8/4/2009Synatom Agrees To Make Additional Strategic Investment In Po...
7/23/2009Retains Axemen Resource Capital Ltd.
2/12/2009CLOSES SECOND STRATEGIC INVESTMENT BY SYNATOM
2/5/2009SHAREHOLDERS APPROVE SYNATOM DEBENTURE
12/22/2008SYNATOM AGREES TO MAKE ADDITIONAL STRATEGIC INVESTMENT IN PO...
12/12/2008ACQUIRES ADDITIONAL LANDS IN SOUTH DAKOTA AND WYOMING
12/2/2008CORPORATE UPDATE
6/5/2008Closes Strategic Investment By Synatom
6/4/2008SYNATOM MAKES STRATEGIC INVESTMENT IN POWERTECH
1/14/2008ANNOUNCES CHANGES TO BOARD OF DIRECTORS
1/11/2008EXPANDS MANAGEMENT TEAM - OPENS NEW OFFICES IN GREENWOOD VIL...
1/9/2008ALADDIN PROJECT- DRILLING UPDATE
10/31/2007Lists on the TSX
8/20/2007Acquires Plum Creek Project in South Dakota
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (PWE.TO)FRANKFURT (P8A.F)
0.035-12.50%13.55+54100.00%
TORONTO
CA$ 0.035
10/30 13:22 -0.010
-12.5%
Prev close Open
0.040 0.035
Low High
0.035 0.035
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.035 -12.50%
Volume 1 month var.
281,300 -12.50%
24hGold TrendPower© : -39
Produces
Develops
Explores for Uranium
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/6/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.70-0.65%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.94+9.34%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.55+2.24%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.69+13.03%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.60+1.83%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+2.63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.87+5.65%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.61+0.98%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.56%Trend Power :