By Laura Lutz
Des Moines, Jan. 4 - Uranium Energy Corp. completed a private placement of units for $13.5 million.
The company sold 5.4 million units of one share and one non-transferable half-share warrant at $2.50 per unit.
Each whole warrant is exercisable at $3.00. The warrants will expire on the later of 18 months from the date of issuance and nine months from the effective date of the company's proposed registration statement.
Proceeds will be used for working capital.
Uranium Energy is a resource company based in Austin, Texas.
| Issuer: | Uranium Energy Corp.
|
| Issue: | Units of one share and one non-transferable half-share warrant
|
| Amount: | $13.5 million
|
| Units: | 5.4 million
|
| Price: | $2.50
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Later of 18 months after issuance or nine months after effective date of proposed registration statement
|
| Warrant strike price: | $3.00
|
| Settlement date: | Jan. 4
|
| Stock symbol: | OTCBB: URME
|
| Stock price: | $3.35 at close Jan. 3
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
