By Devika Patel
Knoxville, Tenn., April 2 - Uranerz Energy Corp. said it will conduct a $13.12 million private placement of units.
The company will sell 5,465,000 units at $2.40 each to Denison Mines Corp.
The units consist of one share and one half-share warrant. Each whole warrant is exercisable at $3.50 for two years.
The deal is expected to settle April 9.
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: | $13,116,000
|
| Units: | 5,465,000
|
| Price: | $2.40
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $3.50
|
| Investor: | Denison Mines Corp.
|
| Pricing date: | April 2
|
| Settlement date: | April 9
|
| Stock symbol: | Amex: URZ
|
| Stock price: | $2.11 at close April 2
|
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