Monday, 23 November 2009 URANIUM AUSTRALIA IPO UPDATE PROPOSED ASX CODE: UAU Korab has been advised by Uranium Australia that it is in discussions with potential overseas cornerstone investors regarding a pre-IPO investment in Uranium Australia. Furthermore, Uranium Australia has confirmed that it is on track for listing on ASX in January 2010 subject to market conditions and the final admission by ASX. Korab shareholders who are qualified to receive priority allocation in the IPO of Uranium Australia will be contacted by Korab and by Uranium Australia when the IPO prospectus has been lodged to enable them to participate in the IPO on preferential terms. Regular updates regarding the progress of Uranium Australia IPO, its corporate actions and the results of its field exploration activities can be sourced through UAU website: http://www.uraniumaustralia.com.au
KOR Price at posting:
17.0¢ Sentiment: LT Buy Disclosure: Held
