Print this page| Capitalization (as at August 13, 2007) | |||
| Shares Issued | 20,312,000 |
||
| Shares in Escrow | 3,705,000 |
||
| Float | 16,607,000 |
||
Fully Diluted Share Capital |
25,174,740 |
||
| Type of Security | Number of Shares | Exercise Price/ Share – Cdn$ |
Expiry Date |
| Stock Options |
| Executive Officers | 695,000 |
0.50 |
April 12, 2012 |
|||
245,000 |
0.70 |
August 3, 2009 |
| Directors | 224,875 |
0.50 |
April 12, 2012 |
|||
92,865 |
0.60 |
May 23, 2011 |
||||
150,000 |
0.70 |
August 3, 2009 |
| Consultants | 170,000 |
0.50 |
April 12, 2012 |
|||
85,000 |
0.70 |
August 3, 2009 |
| Total Stock Options | 1,662,740 |
| Stock Options | 100,000 |
0.15 |
May 12, 2007 |
|||
100,000 |
0.15 |
January 24, 2011 |
||||
1,089,875 |
0.50 |
April 12, 2012 |
||||
92,865 |
0.60 |
May 23, 2011 |
||||
480,400 |
0.70 |
August 13, 2009 |
| TOTAL | 5,597,739 |
| Agents’ Options |
200,000 shares |
(1) | 0.60 |
April 12, 2009 |
|||
500,000 units |
(1)(2) | 0.50 |
April 12, 2009 |
| TOTAL Agents’ Options and Warrants | 3,200,000 |
1 These options were granted to the Company’s agent in connection with the Financing.
2 Each Unit is comprised of one common share and one-half of one warrant, each whole warrant entitling the holder to purchase one additional common share at a price of $0.60 until April 12, 2009.
New Horizon Uranium Corporation is a uranium exploration and development company founded in October 2005. The company began trading April 17, 2007 on the TSX-V under the symbol NHU-V.
New Horizon is the operator of two joint ventures in Converse County, Wyoming. The ventures control more than 12,000 acres on the White River Formation. The Company intends to explore and develop this project area and further investigate if it has potential to be an In-Situ Recovery (“ISR”) operation. Additional exploration opportunities are being investigated in Colorado, Utah, New Mexico and Texas.
With its royalty agreement and ownership stake, International Royalty Corporation is a key partner for New Horizon. New Horizon and International Royalty often collaborate on business opportunities within the uranium industry. George S. Young, General Council for International Royalty is a New Horizon director, serving as Chairman and Chief Executive Officer. Dr. David R. Hammond, Vice-President of Strategic Planning for International Royalty also serves as a New Horizon director.
Corporate Team Experience
New Horizon was founded by William R. Wilson, President and Chief Operating Officer, and Paul C. Jones, Executive Vice President, to acquire, explore and develop uranium properties in the United States and in international locations. New Horizon’s management team and senior outside consultants have over 400 years of experience in the mining industry with 140 years specifically in exploration, development and operation of uranium projects.
Joint Ventures
In January 2006, New Horizon signed an earn-in agreement with Canyon Resources Corporation forming the Converse Uranium Joint Venture. The project focuses on the White River Formation in Converse County, Wyoming. New Horizon is the operator for exploration, development and management of the Joint Venture, and as such, will earn a 50 percent ownership in the venture subject to an initial expenditure of US$ 1 million within the first three years. With investments totaling US$ 2 million over the first five years New Horizon will earn a 70 percent interest in the project. An additional five-percent may be earned by New Horizon funding the completion of a feasibility study.
Other Properties
Based on historic drilling information, New Horizon is leasing surface and mineral rights and locating mining claims in and around San Miguel County, Colorado and San Juan County, Utah. During 2008, the company anticipates increasing its land ownership and drilling confirmation and step-out holes on acreage it controls.
In addition to projects currently underway in Wyoming and Colorado, New Horizon is continually investigating new opportunities in New Mexico, Wyoming, Utah, Texas and abroad.
Contact Information
Contact George S. Young, Chairman and CEO at (303) 799-9020 or William R. Wilson, President and COO at (303) 422-7803.
This summary contains forward-looking statements; these statements relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to the management of New Horizon. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. These forward looking statements are made as of the date hereof and New Horizon does not assume any obligation to update or revise them to reflect new events or circumstances.