VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 25, 2011) - Western Uranium Corporation (News - Market indicators) ("WUC" or the "Company") is pleased to provide the following additional information concerning the appointment of Karl Cahill as the Company's investor relations representative, previously announced February 17, 2011.
Mr. Karl Cahill has spent the last 10 years in the United States working as a consultant to emerging public technology, biotechnology and resources companies. He has been responsible for raising over US $100 million in funds, significantly increasing shareholder value and generating top tier licensing deals, partnerships and merger and acquisition opportunities.
Mr. Cahill's career spans 17 years in the public markets. He was previously Investor Relations Manager for Raptor Pharmaceutical Corp. Mr. Cahill did his undergraduate studies in Finance at the University of Westminster in London, England, speaks English, German and French, and has lived and worked in Europe, Asia and North America.
Mr. Cahill's appointment is for an initial term of two months ending March 31, 2011, followed by a six-month term expiring September 30, 2011. In the absence of 30 days notice of termination given by either Mr. Cahill or the Company, the arrangement will then automatically renew for further successive 12 month terms. Under his agreement with the Company Mr. Cahill will be paid a gross salary of US$12,500 per month.
In addition, co-incident with his appointment Mr. Cahill was granted options to acquire 200,000 shares of the Company at C$1.17 per share for a five year period. The options are granted pursuant to, and will vest in accordance with the terms of, the Company's stock option plan.
About the Company
Western Uranium Corporation is a mineral exploration company with properties in Argentina, Nevada, and New Mexico and an earn-in agreement with AuEx Ventures for the Baza gold-copper project in Spain. The Company has its head office in Vancouver, Canada; its executive management team is based in Reno, Nevada.
On behalf of the Board of Western Uranium Corporation
R. Edward Flood, Chairman
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
