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Published on 5/17/2005 in the Prospect News PIPE Daily.

New Issue: Uranium Resources closes $1.5 million private placement of stock

By Sheri Kasprzak

Atlanta, May 17 - Uranium Resources Inc. said it has closed a $1,499,999 private placement.

The company sold 3,333,333 shares at $0.45 each to two private investment partnerships managed by George Ireland, a director of Uranium Resources.

Based in Lewisville, Texas, Uranium Resources is a uranium exploration company. The proceeds will be used to develop the company's Vasquez property.

Issuer:Uranium Resources Inc.
Issue:Stock
Amount:$1,499,999
Shares:3,333,333
Price:$0.45
Warrants:No
Settlement date:May 13
Stock price:$0.45 at close May 13

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