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AlphaNorth Asset Management: News Release
TORONTO, ONTARIO--(Marketwire - Dec. 24, 2010) - AlphaNorth Asset Management ("AlphaNorth") announces it has acquired 2,500,000 units (the "Units") of Athabasca Uranium Inc. ("Athabasca") at a price of $0.20 per Unit through a private placement on December 23, 2010. Each Unit consists of one share (a "Share") and one warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one purchase one Warrant at a price of CDN$0.30 for a 12 month period after the Closing Date. Immediately after the acquisition, AlphaNorth beneficially owns or controls 2,500,000 common shares and 2,500,000 warrants of Athabasca, collectively representing 18.2% of the issued and outstanding shares of Athabasca, assuming the exercise of all warrants held by AlphaNorth. AlphaNorth relied on the "accredited investor" exemption from the prospectus requirement in connection with the acquisition, contained in section 2.3 of National
View More : http://www.marketwire.com/mw/release.do?id=1373718&sourceType=3
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