By Devika Patel
Knoxville, Tenn., May 16 - Uranium Resources, Inc. said it took in $14.3 million from a private placement of stock that priced May 14.
Uranium Resources sold 3,295,920 common shares at $4.34 per share.
The company had planned to sell 3,295,599 common shares at that price.
Investors also received five-year warrants for 988,771 common shares, increased from its planned issue of warrants for 988,680 shares, exercisable at $5.78.
Oppenheimer & Co. was placement agent.
Proceeds will be used for the acquisition, permitting, exploration and development of additional properties in Texas and for general corporate purposes.
Uranium Resources, based in Lewisville, Texas, is a mineral exploration company focused on uranium.
| Issuer: | Uranium Resources, Inc.
|
| Issue: | Common stock
|
| Amount: | $14,304,300
|
| Shares: | 3,295,920
|
| Price: | $4.34
|
| Warrants: | For 988,771 shares
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $5.78
|
| Pricing date: | May 14
|
| Settlement date: | May 16
|
| Placement agent: | Oppenheimer & Co.
|
| Stock symbol: | Nasdaq: URRE
|
| Stock price: | $4.82 at close May 13
|
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