By Sheri Kasprzak
New York, Oct. 6 - Uravan Minerals Inc. said it has wrapped its previously announced private placement with a fully exercised greenshoe, bringing the total proceeds realized to C$6.65 million.
The company sold 4.75 million units at C$1.40 each, including an over-allotment option for 1 million units exercised by placement agent Dundee Securities Corp.
The units include one share and one half-share warrant. The whole warrants are exercisable at C$2.00 each for 18 months.
The deal was first announced Sept. 12 as a C$5.25 million offering of up to 3.75 million units under the same terms.
Proceeds will be used for potential uranium exploration opportunities, working capital and general corporate purposes.
Based in Calgary, Alta., Uravan is a mineral exploration company.
| Issuer: | Uravan Minerals Inc.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$6.65 million
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| Units: | 4.75 million (includes greenshoe for 1 million units)
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| Price: | C$1.40
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | 18 months
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| Warrant strike price: | C$2.00
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| Placement agent: | Dundee Securities Corp.
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| Pricing date: | Sept. 12
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| Settlement date: | Oct. 6
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| Stock price: | C$1.45 at close Sept. 12
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| Stock price: | C$1.60 at close Oct. 6
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