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Uranium Participation Reports Uranium Purchases and Estimated Net Asset Value at November 30, 2017
Dec. 08, 2017 09:03AM PST
Energy InvestingUranium Participation (“UPC”) (TSX:U) reports its estimated net asset value at November 30, 2017 was CAD$478.5 million or CAD$3.61 per share. On November 30, 2017, the common shares of UPC closed on the TSX at a value of CAD$4.18, which represents a 15.79% premium to the net asset value of CAD$3.61 per share. On September …
Uranium Participation (“UPC”) (TSX:U) reports its estimated net asset value at November 30, 2017 was CAD$478.5 million or CAD$3.61 per share.
On November 30, 2017, the common shares of UPC closed on the TSX at a value of CAD$4.18, which represents a 15.79% premium to the net asset value of CAD$3.61 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 are intended to be used by UPC to fund purchases of uranium and for general corporate purposes.