Uranium Participation Corporation Reports Estimated Net Asset Value at September 30, 2017

Uranium Participation Corporation (“UPC”) (TSX:U) reports its estimated net asset value at September 30, 2017 was CAD$389.9 million or CAD$3.23 per share.
On September 30, 2017, the common shares of UPC closed on the TSX at a value of CAD$3.53, which represents a 9.29% premium to the net asset value of CAD$3.23 per share.
On September 25, 2017, UPC announced a bought-deal equity offering of 10,745,000 common shares, at a price of CAD$3.50 per share, for gross proceeds of $37,607,500, with an overallotment option of an additional 855,000 common shares at CAD$3.50 per share. The offering was completed on October 4, 2017 and the overallotment option was fully exercised. Accordingly, UPC issued 11,600,000 common shares for total gross proceeds of $40,600,000. The proceeds of the offering will be used by UPC to fund purchases of U₃O₈ and/or UF₆ and for general corporate purposes.
About Uranium Participation Corporation

Uranium Participation Corporation is a company that invests substantially all of its assets in uranium oxide in concentrates (“U₃O₈“) and uranium hexafluoride (“UF₆“) (collectively “uranium”), with the primary investment objective of achieving appreciation in the value of its uranium holdings through increases in the uranium price.

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