By Devika Patel
Knoxville, Tenn., Nov. 29 - Uranium Energy Corp. announced it will raise $7 million in a private placement of units.
The company will sell up to 1,866,667 units at $3.75 each. Each unit consists of one common share and one transferable warrant. Each whole warrant is exercisable at $4.25 for one year.
Proceeds will be used to advance the company's Goliad project, for exploration and development activities, for land and project acquisitions and for general corporate purposes. The deal will settle on Dec. 12.
Uranium Energy is a resource company based in Austin, Texas.
| Issuer: | Uranium Energy Corp.
|
| Issue: | Units of one common share and one transferable warrant
|
| Amount: | $7 million
|
| Units: | 1,866,667
|
| Price: | $3.75
|
| Warrants: | One warrant per unit
|
| Warrant strike price: | $4.25
|
| Warrant expiration: | One year
|
| Pricing date: | Nov. 29
|
| Settlement date: | Dec. 12
|
| Stock symbol: | Amex: UEC
|
| Stock price: | $3.69 at close Nov. 28
|
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