May 3 (Reuters) - Uranium Participation Corp U.TO :
* URANIUM PARTICIPATION CORPORATION ANNOUNCES $50 MILLION BOUGHT DEAL FINANCING
* URANIUM PARTICIPATION CORP - UNDERWRITERS HAVE AGREED TO PURCHASE ON BOUGHT DEAL BASIS 9.6 MILLION COMMON SHARES AT PRICE OF $5.20 PER SHARE
* URANIUM PARTICIPATION CORP - NET PROCEEDS OF OFFERING WILL BE USED BY COMPANY TO FUND FUTURE PURCHASES OF U(3)O(8) AND/OR UF(6)