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GoviEx Uranium (TSXV:GXU) has announced it will expand the private placement announced November 30, 2016 and amended December 6, 2016 for an aggregate offering of up to 50 million units at $0.10 per unit. As quoted in the press release: Following this Unit increase, the Company will no longer accept subscriptions, will cap the offering …
GoviEx Uranium (TSXV:GXU) has announced it will expand the private placement announced November 30, 2016 and amended December 6, 2016 for an aggregate offering of up to 50 million units at $0.10 per unit.
As quoted in the press release:
Following this Unit increase, the Company will no longer accept subscriptions, will cap the offering at 50,000,000 Units, and will proceed to close the Private Placement on or before Monday, December 19, 2016.
Govind Friedland, GoviEx’s Executive Chairman of the Board said: “It is truly gratifying to see this high level of support from the investor community and our stakeholders. We have increased the financing twice, cut certain subscriptions back, closed the book early, and today imposed a cap on the total Private Placement size. These are all very positive indications of an improvement in sentiment in both our equity and the uranium sector. We thank all parties who have participated or otherwise expressed interest in this offering. This Private Placement empowers the Company to take the next step to advance its portfolio of African uranium projects and build true value for all stakeholders.”