NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Saskatoon, Saskatchewan TheNewswire – September 7, 2021 UEX Corporation is pleased to announce that it has closed its previously announced “bought deal” private placement of an aggregate of 72,950,000 units of the Company at a price of C$0.29 per Unit for aggregate gross proceeds to the Company of C$21,155,500 . The …
(TheNewswire)
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Saskatoon, Saskatchewan TheNewswire – September 7, 2021 UEX Corporation (TSX:UEX) ( OTC:UEXCF ) (“UEX” or the “Company”) is pleased to announce that it has closed its previously announced “bought deal” private placement of an aggregate of 72,950,000 units of the Company (the “Units”) at a price of C$0.29 per Unit for aggregate gross proceeds to the Company of C$21,155,500 (the “Offering”). The Units were offered and sold through a syndicate of underwriters led by Sprott Capital Partners LP, as lead underwriter and sole book-runner, together with BMO Nesbitt Burns Inc., Canaccord Genuity Corp., Red Cloud Securities Inc. and TD Securities Inc. (collectively, the “Underwriters”).
Each Unit is 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 whole Common Share purchase warrant, a “Warrant”). Each Warrant is exercisable into one Common Share at a price of C$0.40 at...
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