U3O8 Corp. Reports Progress on Capital Restructuring / Director Warrant Exercise
401 Bay Street T: 416-868-1491
Suite 2702 www.u3o8corp.com
Toronto, ON M5H 2Y4 TSX: UWE
Canada OCTQB: UWEFF
Press release
U3O8 Corp. Reports Progress on Capital Restructuring / Director Warrant
Exercise
Toronto, Ontario – June 7, 2017 – U3O8 Corp. (TSX: UWE), (OTCQB: UWEFF) (“U3O8 Corp.” or the
“Company”) is pleased to announce that, as part of the capital restructuring spearheaded by the proposed
share consolidation to be voted upon at the Annual and Special Meeting to be held on June 22, 2017, it
has reached agreement with a shareholder to reprice and accelerate an aggregate total of 19.3 million
previously issued common share purchase warrants (the “ Warrants’). In addition, Dr. Keith Barron,
founder and director of U3O8 Corp., has offered to exercise out-of-the-money warrants as a means of
providing the Company with working capital that is not dilutive to U3O8 Corp. shareholders.
Dr. Keith Barron commented: “As one of its largest shareholders, I am committed to the success of U3O8
Corp. Having spent a considerable amount of time in the field studying the Company’s Laguna Salada
and Berlin deposits, I am convinced of their low production cost potential. Consequently, I am positioning
myself for the inevitable rebound in uranium sector and for accelerating growth in the battery commodities
market.”
Warrant Repricing and Acceleration
The warrants upon which agreement has been reached are tabulated below, each having been linked to
a private placement:
Expiry Date Issue Date Number of
warrants
Exercise
Price
18-Jun-2017 18-Jun-2014 3,600,000 $0.13
05-Sep-2017 05-Sep-2014 2,500,000 $0.12
22-Oct-2017 22-Oct-2014 3,000,000 $0.08
02-Dec-2018 02-Dec-2014 3,600,000 $0.07
14-Feb-2019 14-Feb-2014 3,600,000 $0.11
29-May-2019 29-May-2014 3,000,000 $0.14
Warrants 19,300,000
None of the repriced and accelerated Warrants are held by insiders of the Company.
The Toronto Stock Exchange (the “TSX”) has provi ded conditional approval for the Company to amend
the exercise price of the Warrants to $0.07 per share for a two week period that ends at midnight on June
22, 2017, the day of the Company’s Annual and Spec ial Meeting. Any of the Warrants that are not
exercised by that deadline will expire. The effective date of the amendment will be on or after June 21,
2017.
Director Exercising Out-of-the-Money Warrants
Dr. Keith Barron has offered to exercise approximat ely 2.85 million warrants that are priced at $0.035,
which will provide the Company with approximately $100,000 in working capital.
The amended Warrants, plus those to be exercised by Dr. Barron, represent approximately 18% of the
Company’s warrants.
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For further information, please contact:
Richard Spencer
President & CEO
U3O8 Corp.
Tel.: (416) 868-1491
Forward-Looking Statements
This news release includes certain “forward looking statements” related with t he development plans, economic
potential and growth targets of U3O8 Corp’s projects. Forward-looking statements consist of statements that are not
purely historical, including statements regarding beliefs, plan s, expectations or intensions for the future, and include,
but not limited to, statements with resp ect to: (a) the low-cost and near-term development of Laguna Salada, (b) the
Laguna Salada and Berlin PEAs, (c) the potential of the Kurupung di strict in Guyana, (d) im pact of the U- pgradeTM
process on expected capital and operating expenditures, and (e) the price and market for uranium. These statements
are based on assumptions, including that: (i) actual results of our exploration, resource goals, metallurgical testing,
economic studies and development activities will continue to be positive and proceed as planned, and assumptions in
the Laguna Sala da and Berlin PEAs prove to be accurate, (ii) a jo int venture will be formed with the provincial
petroleum and mining company on the Argentina project, (iii) requisite regulatory and governmental approvals will be
received on a timely basis on terms acceptable to U3O8 Co rp., (iv) economic, political and industry market conditions
will be favourable, and (v) financial markets and the market fo r uranium will improve for junior resource companies in
the short-term. Such statements are subject to risks and un certainties that may cause actual results, performance or
developments to differ materially from those contained in such statements, including, but not limited to: (1) changes in
general economic and financial market conditions, (2) changes in demand and prices for minerals, (3) the Company’s
ability to establish appropriate joint venture partnerships, (4) litigation, regulatory, and legislative developments,
dependence on regulatory approvals, and changes in environmental compliance requirements, community support
and the political and economic climate, (5) the inherent uncertainties and speculative nature associated with
exploration results, resource estimates, potential resource growth, future metallurgical test results, changes in project
parameters as plans evolve, (6) competit ive developments, (7) avail ability of future financin g, (8) exploration risks,
and other factors beyond the control of U3O8 Corp. including those factors set out in the “Risk Factors” in our Annual
Information Form available on SEDAR at www.sedar.com. R eaders are cautioned that t he assumptions used in the
preparation of such information, although considered reas onable at the time of pr eparation, may prove to be
imprecise and, as such, undue reliance should not be pl aced on forward-looking statements. U3O8 Corp. assumes
no obligation to update such information, except as may be required by law. For more information on the above-noted
PEAs, refer to the September 18, 2014 technical report titled “Preliminary Economic Assessment of the Laguna
Salada Uranium-Vanadium Deposit, Chubut Province, Argenti na” and the January 18, 2013 technical report titled
“U3O8 Corp. Preliminary Economic Assessment on the Berlin Deposit, Colombia.”