By Devika Patel
Knoxville, Tenn., July 24 - Ucore Uranium Inc. said it completed a C$3.7 million non-brokered private placement of units. The deal priced for C$3 million on July 3.
The company sold 18.5 million units at C$0.20 each. The units consist of one common share and one half-share warrant with each whole warrant exercisable at C$0.30 for two years.
Proceeds will be used to carry out exploration on the company's properties and for general working capital.
Ucore is a uranium exploration company based in Halifax, N.S.
| Issuer: | Ucore Uranium Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$3.7 million
|
| Units: | 18.5 million
|
| Price: | C$0.20
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.30
|
| Agents: | Non-brokered
|
| Pricing date: | July 3
|
| Settlement date: | July 24
|
| Stock symbol: | TSX Venture: UCU
|
| Stock price: | C$0.26 at close July 3
|
| Market capitalization: | C$22.9 million
|
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