Uranium Energy Corp. announced that it has closed the previously announced private placement offering. The company made the following statement concerning the agreement, “The Company has now issued an aggregate of 1,800,000 units (each a “Unit”), at a subscription price of $3.75 per Unit and for gross proceeds of $6,750,000, with each Unit being comprised of one common share (each a “Unit Share”) and one transferable common stock purchase warrant (each a “Warrant”) of the Company, and with each Warrant being exercisable for one additional common share of the Company (each a “Warrant Share”) at an exercise price of $4.25 per Warrant Share for a period of one year from closing.”
The private placement was completed through a group of placement agents. The placement agents were given a cash commission of 6% at the time of the closing. The Unit Shares, the Warrants and the Warrant Shares have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the U.S. without the registration or an applicable exemption from the registration requirements.
Uranium Energy Corp. stated that the net proceeds will be used to further advance the Company’s Goliad project, which includes other exploration and development activities, as well as for land and project acquisitions in addition to general corporate purposes.
Let us hear your thoughts: Uranium Energy Corp. Message Board
