LAS VEGAS, May 30, 2007 (PRIME NEWSWIRE) -- CanAm Uranium Corp. (OTCBB:CAUI) announced today that BUYINS.NET, www.buyins.net, is re-iterating coverage of CanAm Uranium Corp. after releasing the latest short sale data to May 2007. From January to May 2007 approximately 34.4 million total aggregate shares of CAUI have traded for a total dollar value of nearly $38.2 million. The total aggregate number of shares shorted in this time period is approximately 2.6 million shares. The CAUI SqueezeTrigger price of $1.11 is the volume weighted average short price of all short selling in CAUI. The first of several short squeezes began when CAUI closed above $0.85, where approximately 529,000 shares have been shorted. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Month Total Vol. Short Vol. Avg. Price Short $ Value
----- ---------- ---------- ---------- -------------
January '07 160,880 12,388 $1.03 $12,697
February 120,200 9,255 $1.14 $10,551
March 9,664,498 744,166 $1.24 $924,627
April 17,585,832 1,354,109 $1.14 $1,543,684
May 6,880,861 529,826 $0.85 $450,352
Total: 34,412,271 2,649,745 $1.11 $2,941,912
* short volume is approximated using a proprietary algorithm.
** average short price is calculated using a volume weighted average
short price.
*** short volume is the total short trade volume and does not account
for covers.
Forward-Looking Statements
Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above. In addition, such statements could be affected by risks and uncertainties related to the exploration for and development of mineralized material, product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on CanAm's website does not constitute a part of this release.
About BUYINS.NET
WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded U.S. companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. BUYINS.NET has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.
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About CanAm Uranium Corp.
CanAm Uranium Corp. is a Nevada incorporated junior resource company with a corporate objective focused on the strategic acquisition and development of exploration properties in well-known prolific mining areas, especially known for Uranium, of Canada, Southern Africa, Australia and the United States. CanAm Uranium Corp has optioned over 146,925 acres of claims collectively within the Saskatchewan Athabasca Basin, Ontario and British Columbia, with significant interest in prolific Uranium mining areas. http://www.CanAmUranium.com.