NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES UEX Corporation is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Sprott Capital Partners pursuant to which the underwriters have agreed to purchase 72,950,000 units of the Company at a price of C$0.29 per Unit on a “bought deal” private placement basis for …
(TheNewswire)
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
UEX Corporation (TSX:UEX) (“UEX” or the “Company”) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Sprott Capital Partners (“Sprott”) pursuant to which the underwriters have agreed to purchase 72,950,000 units of the Company (the “Units”) at a price of C$0.29 per Unit on a “bought deal” private placement basis (the “Offering”) for aggregate proceeds of C$21,155,500 to the Company
Each Unit shall be comprised of one common share in the capital of the Company (each a “Common Share”) and one-half of one Common Share purchase warrant (each a “Warrant”). Each whole Warrant shall be exercisable for one Common Share at a price of C$0.40 at any time on or before the date which is 36 months after the closing date of the Offering.
The net proceeds raised from the sale of Units will be used to meet the Company’s obligation under its loan agreement with Denison Mines Corp. (see UEX’s news release dated August 3,...
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