By Sheri Kasprzak
New York, Feb. 28 - Yellowcake Mining Inc. closed a second tranche of its previously announced private placement, bringing to $5.91 million the total proceeds raised in the deal.
The company sold a total of 5.91 million units of one share and one half-share warrant.
Each whole warrant is exercisable at $1.50 for two years.
Proceeds will be used for investor relations, obligations from the company's joint venture on the Baggs-Jupiter Ridge uranium project in Wyoming and for working capital.
Yellowcake is a Las Vegas-based uranium exploration company.
| Issuer: | Yellowcake Mining Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | $5.91 million
|
| Units: | 5.91 million
|
| Price: | $1.00
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $1.50
|
| Settlement date: | Feb. 21
|
| Stock symbol: | OTCBB: YCKM
|
| Stock price: | $2.50 at close Feb. 21
|
© 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.
