KEPCO Invests In Strathmore Wyoming Uranium Project

Strathmore Minerals Corp. (TSX:STM,OTCQX:STHJF) announced the common share private placement with KEPCO has been completed.

As quoted in the press release:

KEPCO acquired 14,586,182 common shares of Strathmore at C$0.55 per share for total gross proceeds of US $8 million. Proceeds will be used to fund the Phase I exploration, development, and permitting of the Company’s Gas Hills Uranium properties in Wyoming, in accordance with the program and budget plans for 2012.

Click here to read the Strathmore Minerals Corp. (TSX:STM) press release.