By Sheri Kasprzak
New York, Oct. 24 - Energy Fuels Inc. priced a C$10 million private placement of units.
The offering includes up to 7,142,857 units at C$1.40 each.
The units consist of one share and one half-share warrant with each whole warrant exercisable at C$1.75 for 18 months.
The deal is being placed through a syndicate of agents led by Wellington West Capital Markets Inc.
The placement is expected to wrap up on Nov. 23.
Proceeds will be used for mine development and production, property acquisitions, mill engineering and licensing, exploration and general corporate purposes.
Toronto-based Energy Fuels is a uranium and vanadium exploration and production company.
| Issuer: | Energy Fuels Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$10 million
|
| Units: | 7,142,857
|
| Price: | C$1.40
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$1.75
|
| Placement agent: | Wellington West Capital Markets Inc. (lead)
|
| Pricing date: | Oct. 24
|
| Settlement date: | Nov. 23
|
| Stock symbol: | TSX Venture: EFR
|
| Stock price: | C$1.41 at close Oct. 24
|
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