The Conversation (0)
Energy Fuels Inc. (TSX:EFR) entered into an agreement with Dundee Securities Ltd. (the Lead Underwriter) on behalf of a syndicate of underwriters including Haywood Securities Inc. (the Underwriters) where the Underwriters have agreed to purchase 35,715,000 units of the Company for $0.14 per unit, for total gross proceeds of $5,000,100.
As quoted in the press release:
The Underwriters have been granted the option to purchase up to an additional 15% of the Offering, exercisable in whole or in part at any time up to 48 hours before the Closing Date (the “Option”).
Each Unit shall consist of one common share of the Company and one-half of one common share purchase warrant (“Warrant”). Each whole Warrant shall entitle the holder thereof to acquire one common share of the Company at a price of $0.19 for a period of 24 months following the Closing Date.
In connection with the Offering, the Underwriters will receive a cash commission equal to 6.0% of the gross proceeds raised under the Offering (inclusive of the Option) and that number of non-transferable broker warrants as is equal to 6.0% of the number of Units sold (inclusive of the Option). Each Broker Warrant will be exercisable for one common share at an exercise price of $0.18 per share for a period of 24 months after the Closing Date.
Click here to read the Energy Fuels Inc. (TSX:EFR) press release