Athabasca Uranium announces private placement & appointment to the Board

Athabasca Uranium announces private placement & appointment to the Board 
US Symbol: ATURF 
VANCOUVER, Jan. 31, 2013 /CNW/ - Athabasca Uranium Inc. ("Athabasca" or the 
"Company") is pleased to announce that it has entered into an engagement 
letter regarding a brokered private placement for aggregate gross proceeds of 
up to $3,000,000 (the "Offering"), and the appointment of Kim Goheen to its 
Board of Directors. 
Brokered Private Placement 
The Offering will be conducted on a best efforts basis and co-led by MGI 
Securities Inc. and D&D Securities Inc. (together the "Lead Agents"). The 
Offering is comprised of up to 18,750,000 flow through shares (the "FT 
Shares") at a price of $0.12 per FT Share for gross proceeds of up to 
$2,250,000 and up to 7,500,000 non-flow through units (the "NFT Units") at a 
price of $0.10 per NFT Unit for gross proceeds of $750,000. Each FT Share 
will be designated as a flow-through share pursuant to the Income Tax Act 
(Canada). Each NFT Unit will consist of one common share and one half of one 
common share purchase warrant (a "Warrant"), each whole Warrant entitling the 
holder to purchase one additional common share at a price of $0.16 per share 
for a period of one year from the closing of the Offering. The Offering is 
also subject to a 15% over-allotment option to be exercised by the Lead Agents 
at anytime up to 30 days following Closing. 
The proceeds from the Offering will be used to fund the Company's exploration 
program at its prospective uranium properties located in the Athabasca Basin 
region of northern Saskatchewan and for general working capital and corporate 
Closing of the Offering is subject to a number of conditions, including 
receipt of all necessary corporate and regulatory approvals, including that of 
the TSX Venture Exchange. Closing is expected to occur on or about February 
28, 2013. All securities issued in connection with the Offering will be 
subject to a statutory hold period of four months plus a day from the date of 
issuance in accordance with applicable securities legislation. 
Appointment to the Board 
The Company is pleased to announce the appointment of Kim Goheen, MBA, CMA, 
ICD.D to its Board of Directors, effective immediately. 
Mr. Goheen's business career spans over 30 years, with extensive experience in 
major publicly listed companies in both the mining and oil and gas sectors, 
including the uranium industry. Prior to retiring in 2011, he was the Senior 
Vice-President and Chief Financial Officer of Cameco Corporation, one of the 
world's largest uranium producers. At Cameco, he led in establishing the 
financial platform that supported its growth plans and in building its 
formidable position of financial strength. 
As Senior Vice-President at Cameco, Mr. Goheen played a key role in overseeing 
Cameco's investment in Bruce Power and in determining and implementing 
Cameco's plans for its future with the partnership. Bruce Power is a private 
partnership that operates four nuclear power reactors in Ontario. Mr. Goheen 
also served as a Director of Centerra Gold, a company controlled by Cameco. 
He directed the creation and listing of Centerra in 2004, with a market 
capitalization in excess of $1 billion and oversaw its evolution as a public 
company. Its market capitalization at the time of Cameco's exit in December 
2009 was approximately $2.4 billion. 
On his appointment Mr. Goheen commented: "The outlook for nuclear energy 
continues to improveandIlook forward to helping UAX grow in the highly 
prolific Athabasca Basin." 
Gil Schneider, Athabasca CEO commented: "We are very excited at Kim's decision 
to move up to our Board from our Advisory Committee. He brings a wealth of 
direct uranium experience to the Company, and we feel his joining us on the 
Board is a re-affirmation of his strong endorsement of the Company's vision. 
We look forward to continuing to capitalize on his considerable experience in 
the uranium field." 
Mr. Goheen's appointment follows the resignation from the Athabasca board of 
long-time director Mr. Steven Bruk. The Company wishes to thank Mr. Bruk for 
his dedicated service to the Company through its early development. 
About Athabasca Uranium 
Athabasca Uranium Inc. is a uranium exploration and development company 
exploring an aggregate of over 60,000 hectares strategically located in the 
uranium-rich Athabasca Basin region of northeast Saskatchewan. The Company's 
stated vision is to explore the region using leading-edge technology to become 
a world-class uranium mining company. Additional information on Athabasca 
Uranium and its vision is available on the Company's website at 
"Gil Schneider" 
Gil Schneider, President & CEO 
This news release does not constitute an offer to sell or a solicitation of an 
offer to buy any of the securities in the United States. The securities have 
not been and will not be registered under the United States Securities Act of 
1933, as amended (the "U.S. Securities Act") or any state securities laws and 
may not be offered or sold within the United States or to U.S. Persons unless 
registered under the U.S. Securities Act and applicable state securities laws 
or an exemption from such registration is available. 
FORWARD LOOKING STATEMENTS: This press release contains forward-looking 
statements. Forward-looking statements are statements that are not 
historical facts and are generally, but not always, identified by the words 
"expects", "plans", "anticipates", "believes", "intends", "estimates", 
"projects", "potential" and similar expressions, or that events or conditions 
"will", "would", "may", "could" or "should" occur. Although the Company 
believes the expectations expressed in such forward-looking statements are 
based on reasonable assumptions, such statements are not guarantees of future 
performance and actual results may differ materially from those in forward 
looking statements. Forward-looking statements are based on the beliefs, 
estimates and opinions of the Company's management on the date such statements 
were made. The Company expressly disclaims any intention or obligation to 
update or revise any forward-looking statements whether as a result of new 
information, future events or otherwise. 
Neither TSX Venture Exchange nor its Regulations Services Provider (as that 
term is defined in policies of the TSX Venture Exchange) accepts 
responsibility for the adequacy or accuracy of this release. 
For information, please contact the Company: 
Toll-Free: (866) 869-8072 
SOURCE: Athabasca Uranium Inc. 
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CO: Athabasca Uranium Inc.
ST: British Columbia
-0- Jan/31/2013 18:17 GMT
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