Published on 10/18/2005 in the Prospect News PIPE Daily.
New Issue: Uranerz raises $2.1 million from private placement of units
By Sheri Kasprzak
New York, Oct. 18 - Uranerz Energy Corp. has closed a private placement for $2,098,000.
The company sold 5,245,000 units at $0.40 each to 81 investors.
The units include one share and one half-share warrant. The whole warrants allow for the purchase of another share at $0.60 each for one year.
Based in Vancouver, B.C., Uranerz Energy is an oil and natural gas exploration company.
Issuer: | Uranerz Energy Corp.
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Issue: | Units of one share and one half-share warrant
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Amount: | $2,098,000
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Units: | 5,245,000
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Price: | $0.40
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Warrants: | One half-share warrant per unit
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Warrant expiration: | One year
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Warrant strike price: | $0.60
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Settlement date: | Oct. 17
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Stock price: | $1.01 at close Oct. 17
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