URZ Energy Completes Initial Public Offering and Lists on the TSX Venture Exchange, Symbol "URZ"

URZ Energy Corp. (URZ: TSX-V) (“URZ” or the “Company”) is pleased to announce that it has completed its Initial Public Offering (“IPO”) and listing on the TSX Venture Exchange (“TSX-V”). URZ’s common shares are expected to commence trading on the TSX-V under the symbol ‘URZ’ on July 7, 2017.
Haywood Securities (“Haywood”) acted as URZ’s exclusive agent in respect of the IPO, which consisted of the issuance of 3,500,000 units (“Unit”) at a price of C$0.15 per Unit for total gross proceeds of C$525,000.

Each Unit is comprised of one common share and one-half of one transferable common share purchase warrant (each full warrant, a “Warrant”).
Each Warrant is exercisable to purchase one additional common share of the Company at an exercise price of C$0.40 until August 15, 2018, provided that in the event that the closing price of the Company’s common shares on any stock exchange is C$1.00 or greater during any 20 consecutive trading day period, the Company shall be entitled to accelerate the expiry of the Warrants to a date that is 30 days following the date which the Company provides notice to the holders thereof.

The Company also announces closing of a private placement of 260,000 units (the “Private Placement”) on the same terms as the IPO described above. As a result of the issuances pursuant to the IPO and the Private Placement, the Company now has 26,416,171 common shares issued and outstanding, of which 3,180,846 are subject to escrow restrictions.
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