LAS VEGAS--(BUSINESS WIRE)--William Tafuri, Director of Yellowcake Mining Inc. (OTCBB:YCKM) ("Yellowcake"), is pleased to announce that, due to strong institutional and other demand, the Company has closed a second tranche of its private placement announced January 30, 2007, and February 21, 2007, for total gross proceeds from both private placements together of $5,910,000. Investors received units priced at $1.00 comprising one share and one half warrant. Proceeds will be used for working capital.
Yellowcake is an American-based resource company dedicated to the acquisition of potential uranium properties within the United States. Yellowcake is focused on the United States due to its stable political climate and the fact that it is the largest consumer of uranium ore for nuclear power generation. The state of Wyoming is our current focal point, but other states, Texas in particular, are of interest to Yellowcake for exploration and property acquisition in the future.
