By Sheri Kasprzak
New York, March 10 - Universal Uranium Ltd. said it once again plans to tap the PIPE market, this time with a C$2,000,025 offering.
The deal includes 2,666,700 units of one share and one half-share warrant at C$0.75 each.
The whole warrants allow for the purchase of another share at C$1.00 each for two years.
Blackmont Capital Inc. is the placement agent and has a greenshoe for up to 15% of the offering size.
Proceeds will be used for exploration, working capital and general corporate purposes.
Vancouver, B.C.-based Universal is a uranium exploration company.
| Issuer: | Universal Uranium Ltd.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$2,000,025
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| Units: | 2,666,700
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| Greenshoe: | For up to 15% of offering
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| Price: | C$0.75
|
| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$1.00
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| Placement agent: | Blackmont Capital Inc.
|
| Pricing date: | March 10
|
| Stock symbol: | TSX Venture: UUL
|
| Stock price: | C$0.70 at close March 10
|
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