NetworkNewsBreaks – Uranium Energy Corp. (NYSE A
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Posted On: 04/09/2021 3:42:00 PM
NetworkNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) Closes Direct Offering, Reports on Financial Status
Uranium Energy (NYSE American: UEC), a U.S.-based uranium mining and exploration company, announced that it has closed on its recent registered direct offering. The previously announced offering included an aggregate of 3,636,364 shares of UEC common stock, sold at a purchase price of $3.30 per share, for potential gross proceeds of $12 million for the company. The offering was sold according to an April 5, 2021, securities purchase agreement made with institutional investors. Following the closing, UEC reported that it currently has more than $110 million in cash, equity and inventory holdings; the announcement noted that with the closing UEC’s physical uranium initiative is fully funded and includes 2.105 million pounds of U.S.-warehoused uranium at a volume-weighted average price of ~$30 per pound with deliveries between March 2021 and December 2022. The company plans to use the offering net proceeds for additional uranium purchases and for general corporate and working capital purposes.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Uranium Energy (NYSE American: UEC), a U.S.-based uranium mining and exploration company, announced that it has closed on its recent registered direct offering. The previously announced offering included an aggregate of 3,636,364 shares of UEC common stock, sold at a purchase price of $3.30 per share, for potential gross proceeds of $12 million for the company. The offering was sold according to an April 5, 2021, securities purchase agreement made with institutional investors. Following the closing, UEC reported that it currently has more than $110 million in cash, equity and inventory holdings; the announcement noted that with the closing UEC’s physical uranium initiative is fully funded and includes 2.105 million pounds of U.S.-warehoused uranium at a volume-weighted average price of ~$30 per pound with deliveries between March 2021 and December 2022. The company plans to use the offering net proceeds for additional uranium purchases and for general corporate and working capital purposes.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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