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Energy Fuels Inc. (TSX:EFR) closed its bought deal private placement for aggregate gross proceeds of $6,633,310, an increase from its original maximum size of $5,750,115. The bought deal private placement is pursuant to an underwriting agreement with Dundee Securities Ltd. (as sole bookrunner), Haywood Securities Inc. and Cantor Fitzgerald Canada Corporation. A total of 47,380,791 units were issued at a price of $0.14 per unit.
As quoted in the press release:
Following strong investor interest, the Offering was increased from the previously announced maximum size of C$5,750,115. Each Unit consists of one common share of the Company (“Common Share”) and one-half of one common share purchase warrant (“Warrant”). Each whole Warrant entitles the holder thereof to acquire one Common Share at a price of C$0.19 at any time until June 15, 2015.
Click here to read the Energy Fuels Inc. (TSX:EFR) press release