Uranerz Energy Closes US$12 Million Financing

Uranerz Energy Corporation (NYSE MKT:URZ,TSX:URZ,FWB:U9E) has closed its previously announced offering of units. Uranerz expects net proceeds from the offering to be used to continue development and operations of mining facilities, including wellfields, at the Company’s Nichols Ranch ISR Uranium Project, as well as for working capital and general corporate purposes.

As quoted in the press release:

The Company issued and sold, through a syndicate of agents, 9,600,000 units of the Company (“Units”) at a price per Unit of US$1.25 for aggregate gross proceeds of US$12 million. Each Unit consisted of one share of the Company’s common stock (“Share”), and one half of one common stock purchase warrant, with each whole warrant (“Warrant”) exercisable to purchase one additional Share for a period of 30 months following the closing of the Offering at an exercise price of US$1.60, subject to adjustment and acceleration provisions.

Click here to read the Uranerz Energy Corporation (TSX:URZ) press release