By Devika Patel
Knoxville, Tenn., July 8 - Uranium Energy Corp. said it settled the first tranche of a non-brokered private placement of units, raising $13.09 million.
The company sold 5,452,749 units at $2.40 each.
Each unit consists of one common share and one half-share transferable warrant. Each whole warrant is exercisable at $3.10 for two years.
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.
Uranium Energy is a resource company based in Austin, Texas.
| Issuer: | Uranium Energy Corp.
|
| Issue: | Units of one common share and one half-share transferable warrant
|
| Amount: | $13,086,597.60
|
| Units: | 5,452,749
|
| Price: | $2.40
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $3.10
|
| Agent: | Non-brokered
|
| Settlement date: | July 8
|
| Stock symbol: | Amex: UEC
|
| Stock price: | $2.85 at close July 7
|
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