New Issue: Uranium Energy wraps $15.29 million units sale with $2.21 million tranche

By Devika Patel

Knoxville, Tenn., July 14 - Uranium Energy Corp. said it took in $2.21 million in the second tranche of a non-brokered private placement of units. The company raised $13.09 million in the first tranche on July 8, which brings the total proceeds to $15.29 million.

The company sold 6,372,749 units total at $2.40 each. It sold 5,452,749 units in the first tranche and 920,000 units in the second tranche.

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:	$15,294,597.60
Units:	6,372,749
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 (for $13,086,597.60), July 14 (for $2,208,000)
Stock symbol:	Amex: UEC
Stock price:	$2.85 at close July 7

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