Uranium Energy has announced that it has now closed its previously announced public offering for gross proceeds of approximately US$20 million.
Uranium Energy (NYSEAmerican:UEC) has announced that it has now closed its previously announced public offering of 12,613,049 units of the company, at a price of US$1.60 per unit, for gross proceeds of approximately US$20 million.
According to the company, each unit consists of one common share of the company (each, a “Share”) and one-half of one common share purchase warrant.
As quoted from the press release:
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.
H.C. Wainwright & Co., LLC and Haywood Securities Inc. acted as joint book-running managers in connection with the offering, and TD Securities Inc., Eight Capital, Roth Capital Partners, LLC and Sprott Private Wealth LP acted as co-managers.
A “shelf” registration statement relating to the shares of common stock and warrants to be issued in the Offering was filed in both in the United States with the Securities and Exchange Commission and declared effective by the SEC on March 10, 2017 and in Canada.
A final prospectus supplement and accompanying prospectus describing the terms of this offering was filed in both the United States and in Canada.