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Uranium Energy (NYSE:UEC) has announced it has closed its previously announced public offering of 17,330,866 units at $1.50 each, for gross proceeds of $26 million. As quoted in the press release: Each Unit is comprised of one common share of the Company (each, a “Share”) and one-half of one common share purchase warrant (each whole …
Uranium Energy (NYSE:UEC) has announced it has closed its previously announced public offering of 17,330,866 units at $1.50 each, for gross proceeds of $26 million.
As quoted in the press release:
Each Unit is comprised of one common share of the Company (each, a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle its holder to acquire one common share (each, a “Warrant Share”) at an exercise price of $2.00 per Warrant Share, exercisable six months following the closing of the Offering and expiring on the third anniversary following the closing of the Offering.
The net proceeds of the Offering will be used to fund exploration and development expenditures at the Company’s projects and for general corporate and working capital purposes.
Rodman & Renshaw, a unit of H.C. Wainwright & Co., LLC, and Haywood Securities Inc., acted as joint book-running managers in connection with the Offering, and Dundee Capital Partners and Sprott Private Wealth LP acted as co-managers.
A “shelf” registration statement relating to the shares of common stock and warrants issued in the Offering was filed in both in the United States with the Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on January 10, 2014 and in Canada. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted.
