================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For November 20, 2006
International Uranium Corporation
-----------------------------------------------
(Translation of registrant's name into English)
Suite 2101 -- 885 West Georgia Street, Vancouver,
British Columbia, Canada V6C 3E8
-------------------------------------------------
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F
--- ---
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No [X]
--- ---
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- _____________________.
================================================================================
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
International Uranium Corporation
---------------------------------
(Registrant)
Date: November 20, 2006 By: /s/ Ron F. Hochstein
----------------- -----------------------------------
Ron F. Hochstein, President and CEO
EXHIBIT INDEX
Exhibit Number Description
-------------- -----------
1 Press Release dated November 20, 2006 IUC Shareholders
Approve Merger with Denison
[IUC LOGO] Suite 2101 -- 885 West Georgia Street
Vancouver, BC V6C 3E8
Tel. 604-689-7842
Fax. 604-689-4250
www.intluranium.com
PRESS RELEASE
IUC SHAREHOLDERS APPROVE MERGER WITH DENISON
VANCOUVER, BC... NOVEMBER 20, 2006 (IUC:TSX)... INTERNATIONAL URANIUM
CORPORATION ("IUC" or the "Company") is pleased to announce that shareholders
voted overwhelmingly in favour of certain matters relating to the previously
announced merger with Denison Mines Inc. ("Denison") at a special meeting of
shareholders held today, November 20, 2006, in Toronto.
Among matters, IUC sought shareholder approval of the issuance of 102,000,000
IUC shares to Denison shareholders as part of the plan of arrangement between
the companies. Shareholders voted 99.98% in favour, which exceeded the minimum
threshold of 50 percent required. IUC also sought shareholder authorization to
permit the Company to change its name to Denison Mines Ltd. upon closing of the
arrangement. Shareholders voted 98.4% in favour, which exceeded the minimum
threshold of 66 2/3 percent required. Shareholders also approved other
resolutions necessary in connection with the arrangement between IUC and
Denison.
At a separate meeting held earlier today in Toronto, the Denison shareholders
and option holders voted together 99.87% in favour of the plan of arrangement,
and the Denison shareholders alone voted 99.86% in favour of the plan of
arrangement. Both votes in favour exceeded the minimum threshold of 66 2/3
percent required for the merger to proceed.
The plan of arrangement is scheduled before the Ontario Superior Court of
Justice on November 28, 2006, and provided that court's approval is obtained,
the arrangement is expected to be completed on or around December 1, 2006 at
which time IUC will cease trading on the Toronto Stock Exchange and commence
trading as Denison Mines Ltd. under the symbol "DML."
Pursuant to the plan of arrangement, holders of Denison common shares will
exchange each one of their Denison common shares for 2.88 IUC common shares. IUC
shareholders will continue to hold their existing number of common shares.
Ron Hochstein, President of IUC, commented, "I would like to thank our
shareholders and express my appreciation for their strong show of support. The
Company has grown significantly over the past couple of years and now our merger
with Denison has created the premier and only intermediate uranium producer in
North America -- a very good space to be in. We will continue our aggressive
growth strategy and look forward to working with the Denison team."
Statements contained in this news release which are not historical facts are
forward-looking statements that involve risks, uncertainties and other factors
that could cause actual results to differ materially from those expressed or
implied by such forward-looking statements. Factors that could cause such
differences, without limiting the generality of the following, include: risks
inherent in exploration activities; volatility and sensitivity to market prices
for uranium and vanadium; the impact of the sales volume of uranium and
vanadium; competition; reliance on income from processing uranium-bearing waste
materials; the impact of change in foreign currency exchange rates and interest
rates; imprecision in resource and reserve estimates; environmental and safety
risks including increased regulatory burdens; changes to reclamation
requirements; unexpected geological or hydrological conditions; political risks
arising from operating in certain developing countries; a possible deterioration
in political support for nuclear energy; changes in government regulations and
policies, including trade laws and policies; demand for nuclear power;
replacement of production and failure to obtain necessary permits and approvals
from government authorities; weather and other natural phenomena; ability to
maintain and further improve positive labour relations; operating performance of
the facilities; success of planned development projects; and other development
and operating risks. Although IUC believes that the assumptions inherent in the
forward-looking statements are reasonable, undue reliance should not be placed
on these statements, which only apply as of the date of this release. IUC
disclaims any intention or obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or otherwise.
United States investors are advised that while the term resources is recognized
by Canadian regulations, SEC does not recognize that term. Investors are
cautioned not to assume that all or any part of mineral deposits in this
category will ever be converted into reserves.
On behalf of the Board,
Ron F. Hochstein
President and C.E.O.
For further information, please contact Sophia Shane,
Corporate Communications, at 604-689-7842.