Energy Fuels Inc.(TSX:EFR) announced the completion of an acquisition for a 16.5% share of Virginia Energy Resources Inc. This was part of a previously announced non-brokered private placement.
As quoted in a press release:
As previously announced, Energy Fuels acquired 9,439,857 common shares of Virginia Energy at a price of Cdn$0.42 per share, for an aggregate subscription price of Cdn$3,964,739.94. The subscription price was satisfied by a combination of $250,000 of cash and the issuance of 21,851,411 common shares in the capital of the Company.
Get the Top Stories on Resource Investing FREE!Learn what is going on before you buy from this FREE Special Report, Who is Kitco? to US Mint: Sold Out! – Top Articles from Resource Investing News.