URZ3 Energy Corp Launches New Private Placement Offering
URZ3 Energy Corp Announces Private Placement Financing
URZ3 Energy Corp. has unveiled an ambitious plan to enhance its financial structure and support its operational growth through a new private placement. This initiative aims to offer up to 6,000,000 units at a competitive price point of $0.11 CAD per Unit, with a prominent focus on acquiring total gross proceeds of up to C$660,000.
Details of the Private Placement Offering
The finance structure includes each Unit comprising one common share and a purchase warrant. The warrant provides holders the opportunity to purchase an additional common share at an exercise price of C$0.20. This option remains valid for a period of 36 months post-issuance, giving investors time to leverage their investment.
Warrants and Exercise Conditions
Notably, URZ3 Energy Corp. has structured the warrant to allow for potential acceleration of the expiry date. If the common shares witness a closing price exceeding C$0.40 for 10 consecutive trading days after a specific period, the company reserves the right to accelerate the expiration of the warrants, ensuring responsiveness to market conditions.
Utilization of Proceeds
Proceeds from the offering are designated for general working capital purposes, which is critical for sustaining operations and driving future initiatives. This strategic move reflects the company’s commitment to fostering a robust and financially stable framework to support its objectives.
Regulatory Approvals and Considerations
This offering is contingent upon obtaining necessary approvals from regulatory authorities and the TSX Venture Exchange, underlining the importance of governance and compliance in corporate financing. Furthermore, the securities issued will observe a hold period of four months plus one day post-issuance, in line with securities regulations.
Finder's Fees
Additionally, URZ3 Energy Corp. may offer finder’s fees to certain arm's length subscribers as part of this placement, adhering to the guidelines set forth by the TSX Venture Exchange Policies. This potentially incentivizes broader participation and engagement in the offering.
About URZ3 Energy Corp.
URZ3 Energy Corp., driven by its commitment to innovation and growth in the energy sector, continues to explore avenues to strengthen its market position. As part of this vision, maintaining transparency and open communication remains a priority for the company's leadership.
Contact Information
Mark Kolebaba, President and CEO
Telephone: (604) 307-6450
Email: info@URZ3.com
Website: www.URZ3.com
Frequently Asked Questions
What is the purpose of the private placement financing?
The private placement aims to raise funds for general working capital purposes, supporting operational growth and flexibility for URZ3 Energy Corp.
How many units will be offered in this private placement?
URZ3 Energy Corp. is offering up to 6,000,000 units at a price of $0.11 CAD per unit.
What do the units consist of?
Each unit consists of one common share and one purchase warrant, which allows for the acquisition of an additional common share at $0.20.
What is the duration of the warrants?
The warrants are valid for 36 months from the date of issuance, providing customers a significant time frame to exercise their options.
Is the offering subject to regulatory approval?
Yes, the offering is subject to the necessary approvals from regulatory bodies and the TSX Venture Exchange, ensuring compliance with industry regulations.
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