White Canyon Uranium IPO extended

Subiaco-based Golden State Resources Ltd has announced the deadline extention of its initial public offer for partly-owned subsidiary, White Canyon Uranium Ltd, by 26 days to February 18, 2008.

White Canyon is seeking to raise $17.5 million, via the issue of 70 million shares at a price of 25 cents each, and is accepting oversubscriptions of up to 8 million shares at 25 cents each to raise up to $2 million.

White Canyon has a 100 per cent interest in a substantial landholding in the established uranium-productive Colorado Plateau province in South-Eastern Utah, and monies raised will be used to acquire remnant exploration interests and to fund the exploration and development of all its US uranium prospects.

As a result of the extention, White Canyon's anticipated original listing date of February 7 has been pushed out until February 29.