|
| Home : UEX Closes $7.25 Million Combined Flow-Through and Hard Dollar Private Placements |
|
May 18
2016 |
UEX Closes $7.25 Million Combined Flow-Through and Hard Dollar Private Placements |
|
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 17, 2016) - UEX Corporation (TSX:UEX) ("UEX" or the "Company") is pleased to announce that it has closed its previously announced flow-through common share offering and overallotment option (the "Flow-Through Offering") with Primary Capital Inc. ("Primary") for 21,000,000 common shares of the Company, which qualify as "flow-through" shares pursuant to the Income Tax Act (Canada) at a price of $0.25 per flow-through share. The Company has also closed its additional private placement with Primary and Clarus Securities Inc. (the "Agents") for 9,523,810 units of the Company at a price of $0.21 per unit (the "Hard Dollar Offering"). Each unit consists of one common share of the Company and one-half common share purchase warrant. Each whole warrant gives the holder the right to purchase a common share of the Company at a price of $0.30 for a period of two years from the closing of the Hard Dollar Offering. The aggregate gross proceeds of the Flow-Through Offering and the Hard Dollar Offering totalled $7.25 million. |
|
|
|
| Source:http://www.marketwired.com/mw/release.do?id=2125998&sourceType=3 |
| |
|
Related News
|
» Trilogy Energy Corp. Announces Amendments to Its Credit Facility
» Sanders Wins Oregon Primary, Clinton Declares Victory in KY
|
|
|
