Deal sells units of shares, three-year warrants via H.C. Wainwright
By Devika Patel
Knoxville, Tenn., June 23 – Uranium Energy Corp. said it priced a $10 million registered direct placement of units on Monday.
The company will sell 5 million units of one common share and a half-share warrant at $2.00 per unit. Each whole warrant will be exercisable at $2.35 for three years. The strike price is a 16.34% premium to the June 22 closing share price of $2.02.
H.C. Wainwright & Co., LLC is the lead agent, and Cantor Fitzgerald & Co. is the co-placement agent.
Settlement is expected June 26.
Proceeds will be used for general corporate and working capital purposes.
Uranium Energy is a resource company based in Austin, Texas.
| Issuer: | Uranium Energy Corp.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | $10 million
|
| Units: | 5 million
|
| Price: | $2.00
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $2.35
|
| Agents: | H.C. Wainwright & Co., LLC (lead) and Cantor Fitzgerald & Co. (co-placement agent)
|
| Pricing date: | June 22
|
| Settlement date: | June 26
|
| Stock symbol: | NYSE: UEC
|
| Stock price: | $2.02 at close June 22
|
| Market capitalization: | $174.88 million
|
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