By Devika Patel
Knoxville, Tenn., March 18 - Uranerz Energy Corp. said it will conduct a $14.08 million non-brokered private placement of units and a $9.6 million brokered placement of units.
The company will sell 5,865,000 units at $2.40 each in the non-brokered deal and 4 million units at that price in the brokered deal.
The units consist of one share and one half-share warrant. Each whole warrant is exercisable at $3.50 for two years.
The brokered deal will be co-led by Haywood Securities Inc. and Cormark Securities Inc.
Vancouver, B.C.-based Uranerz is an oil and natural gas exploration company.
| Issuer: | Uranerz Energy Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | $23,676,000
|
| Price: | $2.40
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $3.50
|
| Pricing date: | March 18
|
| Stock symbol: | Amex: URZ
|
| Stock price: | $2.40 at close March 18
|
|
|
| Non-brokered deal
|
| Amount: | $14,076,000
|
| Units: | 5,865,000
|
| Agent: | Non-brokered
|
|
|
| Brokered deal
|
| Amount: | $9.6 million
|
| Units: | 4 million
|
| Agent: | Haywood Securities Inc. and Cormark Securities Inc. (co-leads)
|
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