NU. Nufcor

RNS Number:8237T
Nufcor Uranium Limited
27 March 2007



27 March 2007


           NUFCOR URANIUM LIMITED ("NUFCOR URANIUM" or "THE COMPANY")


                RESULT OF EXTRAORDINARY GENERAL MEETING ("EGM")



At Nufcor Uranium's EGM held on 26th March 2007, the ordinary resolution
relating to the Company's revised investment guidelines was passed unanimously
following a poll.


A breakdown of voting is set out below:

                    IN FAVOUR                                 AGAINST

                    VOTES                    %                VOTES         %

Ordinary Resolution     7,566,791          100                     0        0





For further information, please contact:

Nufcor Uranium Limited                           +44 772 054 7834
Michael Travis (Chairman)
Smithfield                                       +44 20 7360 4900
Rupert Trefgarne



Notes to Editors:


Nufcor Uranium's new investment guidelines comprise:


*   at least 90% of the net proceeds of the offering of Shares received by the
    Company on Admission, and at least 90% of the net proceeds of any future 
    issues of Shares (if any) must be invested in, or held for future 
    acquisitions of,Uranium with the balance retained to meet some of its 
    operating expenses;

   * the Company will hold, but will not actively trade or speculate in,
    Uranium, but it may acquire further Uranium from time to time, or may sell
    some of the Uranium which it holds if the Board considers that it would be
    appropriate to do so at the relevant time; and

   * the Company may seek to lend some or all of the Uranium which it owns
    and to use the proceeds to meet some of its operating expenses. Such loans
    will be made to third parties after consideration of credit worthiness,
    credit concentration issues, and the provision of appropriate security and
    other risk mitigation measures as deemed necessary by the Board.


For the purposes of the Investment Guidelines referred to above, Uranium is
defined to include both UF6 and U3O8.



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
EGMUBSVRBWROUAR

Nufcor Uranium (LSE:NU.)
Historical Stock Chart
From May 2024 to Jun 2024

Nufcor Uranium (LSE:NU.)
Historical Stock Chart
From Jun 2023 to Jun 2024