New Issue: Uranium Energy wraps $22.31 million private placement of units, shares

By Devika Patel

Knoxville, Tenn., June 29 - Uranium Energy Corp. said it completed a non-brokered private placement of units and shares for $22.31 million.

The company sold 9,099,834 units and 200,000 common shares at $2.40 apiece.

The units each consist of one common share and one half-share warrant. The whole two-year warrants are exercisable at $3.10.

Proceeds will be used for final permitting and construction of the company's Goliad ISR Uranium Project 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 warrant, common shares
Amount:	$22,309,602
Price:	$2.40
Agent:	Non-brokered
Settlement date:	June 26
Stock symbol:	Amex: UEC
Stock price:	$3.37 at close June 26
Market capitalization:	$145 million
Units
Amount:	$21,839,602
Units:	9,099,834
Warrants:	One half-share warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$3.10
Shares
Amount:	$480,000
Shares:	200,000
Warrants:	No

© 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.