Uranium Resources Announces Pricing of $9.7 Million Public Offering

Energy Investing

Uranium Resources (NASDAQ:URRE; ASX:URI) has announced it has priced a registered public offering of an aggregate of 4,825,871 shares at a price of $2.01 per share. As quoted in the press release: The offering is expected to close on or before January 19, 2017, subject to customary closing conditions. Dawson James Securities, Inc. is acting …

Uranium Resources (NASDAQ:URRE; ASX:URI) has announced it has priced a registered public offering of an aggregate of 4,825,871 shares at a price of $2.01 per share.
As quoted in the press release:

The offering is expected to close on or before January 19, 2017, subject to customary closing conditions.
Dawson James Securities, Inc. is acting as the sole book-running manager for the offering.
Total gross proceeds from the offering are expected to be approximately $9.7 million, before deducting placement agent fees and other estimated offering expenses. URI intends to use the net proceeds from the offering to fund ongoing business activities, which may include technical studies, restoration commitments, capital expenditures, debt reduction, working capital and other general corporate purposes.

Click here to read the full press release.

nasdaq:urre public offering Uranium Investing