Company sells 12.5 million common shares at C$0.10 per share
By Devika Patel
Knoxville, Tenn., Nov. 7 - European Uranium Resources, Ltd. said it increased a private placement of stock with Global Resources Investments Ltd. to C$1.25 million from C$1 million. The deal priced on Oct. 11.
The company will now sell 12.5 million common shares at C$0.10 apiece. The price per share is a 16.67% discount to the Oct. 10 closing share price of C$0.12.
The uranium exploration and development company is based in Vancouver, B.C.
Issuer: | European Uranium Resources, Ltd.
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Issue: | Common shares
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Amount: | C$1.25 million
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Shares: | 12.5 million
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Price: | C$0.10
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Warrants: | No
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Investor: | Global Resources Investments Ltd.
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Pricing date: | Oct. 11
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Upsized: | Nov. 7
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Stock symbol: | TSX Venture: EUU
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Stock price: | C$0.12 at close Oct. 10
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Market capitalization: | C$4.45 million
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