CALGARY, April 16, 2013 /CNW/ - Uranium Focused Energy Fund announced
that it has filed a notice with the Toronto Stock Exchange (the "TSX")
and received its approval to make a normal course issuer bid ("NCIB")
for its units through the facilities of the TSX. This NCIB will
commence on April 18, 2013 and will terminate on April 17, 2014. In
accordance with the Declaration of Trust by which the Fund is governed,
market purchases pursuant to its NCIB may be effected by the Fund.
The Fund had 9,530,304 units issued and outstanding as at April 8,
2013. The Fund may, during the 12 month period commencing April 18,
2013 purchase on the TSX up to 952,825 units, being 10% of the public
float and may not, in any 30 day period, purchase more than 190,606
units, being 2% of the units issued and outstanding. Uranium will hold
in treasury for resale all units purchased pursuant to the bid. As at
April 8, 2013 the Fund had purchased 74,200 units at an average price
of $2.24 per unit under its previously approved normal course issuer
bid. Uranium is implementing the NCIB to allow it to purchase units if
and when it makes sense to do so.
Uranium Focused Energy Fund trades on the Toronto Stock Exchange under
the symbol "UF.UN".
SOURCE: Uranium Focused Energy Fund
For further information visit our website at www.middlefield.com or contact the undersigned:
Nancy Tham
Managing Director, Sales and Marketing
(416) 847-5349