Ur-Energy Inc. Announces CAD$30,000,000 Bought Deal Common Share Financing

Ur-Energy Inc. (TSX:URE,AMEX:URG) reports $30 million Cdn dollars bought deal common share financing.

The press release is quoted as saying:

The proceeds from the Offering are expected to be used by the Company to finance development of its properties, possible acquisitions, and for general working capital and corporate purposes.

Closing of the Offering is anticipated to occur on or before March 1, 2011 and is subject to certain conditions including, but not limited to, the completion of satisfactory due diligence by the Underwriters and the receipt of applicable regulatory approvals including approval of the Toronto Stock Exchange and the NYSE Amex.

Click here to access the entire news release.