By Sheri Kasprzak
New York, March 7 - Uranerz Energy Corp. said it concluded a $7.14 million private placement.
The company issued 7.14 million units of one share and one half-share warrant to 134 investors.
The whole warrants are exercisable at $1.75 each for the first year and $2.50 for the second year.
Vancouver, B.C.-based Uranerz is an oil and natural gas exploration company.
Issuer: | Uranerz Energy Corp.
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Issue: | Units of one share and one half-share warrant
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Amount: | $7.14 million
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Units: | 7.14 million
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Price: | $1.00
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Warrants: | One half-share warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | $1.75 for the first year, $2.50 for the second year
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Settlement date: | March 3
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Stock symbol: | OTCBB: URNZ
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Stock price: | $1.80 at close March 3
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