Ucore Rare Metals Inc. Announces Completion of $10 Million Private Placement

Ucore Rare Metals Inc. (TSXV:UCU) announces that it has closed its previously announced brokered private placement of 25,000,000 units at $0.40 per unit for gross proceeds of $10,000,000.

The press release is quoted as saying:

Ucore Rare Metals Inc. (TSX VENTURE:UCU)(OTCQX:UURAF) (“Ucore” or the “Company”) is pleased to announce that it has closed its previously announced brokered private placement of 25,000,000 units at $0.40 per unit for gross proceeds of $10,000,000. Each unit consists of one common share and one half of one common share purchase warrant. Each whole warrant gives the holder the right to purchase one common share at a price of $0.55 for a period of 24 months from the Closing Date. The offering was led by Byron Securities Limited with Pope & Company acting as syndicate agent.

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