GoviEx Closes Sprott-Led Financing

GoviEx Uranium (TSXV:GXU) has announced that it has closed the first tranche of its previously announced private placement financing.
As quoted in the press release:

In this first tranche, the Company issued an aggregate of 47,429,856 Units at a price of C$0.10 per Unit, for gross proceeds to the Company of approximately C$4.742 Million. The second tranche is expected to close on or before Friday, December 23, 2016.
Govind Friedland, Executive Chairman of the Company said, “This is an incredibly important day for the Company’s shareholders, employees, partners and stakeholders. Closing this financing recognizes the hard work and dedication of our team, and the financial support of the investor community. It also validates our decision to migrate to the TSX Venture Exchange and to pursue strategic transactions that demonstrate our commitment to growing our resource base and advancing our projects towards production.”
“We’d like to thank Sprott Global Resource Investments, Ltd. and all those investors who participated in this financing, and also those partners who have helped build the Company over the years, including Denison Mines, Ivanhoe Industries, Toshiba Corporation, Cameco Corporation and SEMAFO. We are grateful for all the support and will make every effort to build and realize value for all stakeholders.”

Click here to read the full press release.