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Acorn Capital Share Placement

Uranex NL (UNX) is pleased to announce a placement of shares to Acorn Capital Limited of 14,000,000 ordinary fully paid shares at $0.14 each to raise $1,960,000 for working capital. The Chairman, Andrew Daley said “We look forward to welcoming Acorn Capital Limited to our register as a substantial shareholder and see their decision to make this investment as supportive of the future direction of the Company”. The placement is subject to shareholder approval, and the Company will now be taking steps to convene the necessary General Meeting as soon as is practicable. John Cottle Managing Director.