Uranium Participation Corp URPTF

Initial Public Offering

[24~Karat]

In early December, Loewen, Ondaatje, McCutheon and Pacific International will conduct an Initial Public Offering of Uranium North at $0.75 per share. The share structure will consist of 8.8 million newly offered shares, 3.5 million shares held by Diamonds North, and 7.2 million shares held by Diamonds North shareholders, for a total of 19.5 million shares. Given the description of the company (excerpted below) provided at the DDN website, the resulting market capitalization of $14.625 looks attractive. Companies that are roughly comparable in their uranium holdings include BAY, with a market cap of $103 million, and AZM, with a market cap of $76 million. “Uranium North Resources Corp., will focus on exploring a diverse property portfolio of over 4 million acres. Contained within this portfolio is a historical resource (6.7 million pounds of U308 -- non NI43-101 compliant) plus numerous historical U308 prospects with high values. This portfolio distinguishes Uranium North as the only junior uranium explorer with significant and prospective land holdings in what the company believes are Canada's three most prospective basins for high grade, unconformity-vein type uranium deposits; the Athabasca, Thelon and Hornby Bay Basins.” https://www.diamondsnorthresources.com/s/UraniumNorth.asp