By Sheri Kasprzak
New York, Aug. 12 - Uranium Resources, Inc. has closed a private placement for $12 million.
The company sold 24 million shares at $0.50 each to two funds managed by George Ireland, one of Uranium Resource's directors. Ireland himself purchased 1.6 million shares from the offering.
The proceeds will be used for the company's south Texas mining operations.
Based in Lewisville, Texas, Uranium Resources is a uranium exploration company.
| Issuer: | Uranium Resources, Inc.
|
| Issue: | Stock
|
| Amount: | $12 million
|
| Shares: | 24 million
|
| Price: | $0.50
|
| Warrants: | No
|
| Investors: | George Ireland, two funds managed by Ireland
|
| Settlement date: | Aug. 12
|
| Stock price: | $0.65 at close Aug. 12
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
