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Published on 6/28/2006 in the Prospect News PIPE Daily.

New Issue: Energy Fuels settles C$2.5 million private placement of units

By Sheri Kasprzak

New York, June 28 - Energy Fuels, Inc. concluded a C$2.5 million private placement.

The non-brokered deal included 5 million units of one share and one half-share warrant

The full warrants allow for the purchase of another share at C$0.75 each for one year.

Located in Toronto, Energy Fuels is an oil and natural gas exploration company.

Issuer:Energy Fuels, Inc.
Issue:Units of one share and one half-share warrant
Amount:C$2.5 million
Units:5 million
Price:C$0.50
Warrants:One half-share warrant per unit
Warrant expiration:One year
Warrant strike price:C$0.75
Placement agent:Non-brokered
Settlement date:June 27
Stock symbol:TSX Venture: EFR
Stock price:C$1.10 at close June 27

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