By Devika Patel
Knoxville, Tenn., Jan. 27 - First Uranium Corp. said it has arranged a C$61.5 million private placement of units.
The company will sell 20.5 million units of one common share and one half-share warrant at C$3.00 per unit on a bought-deal basis.
Each whole warrant will be exercisable at C$4.15 for two years.
The deal is being conducted by a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. and including Scotia Capital Inc. and National Bank Financial Inc.
Proceeds will be used for development of the Ezulwini Mine and the Mine Waste Solutions tailings recovery operation and for general corporate purposes.
First Uranium is a Vancouver, B.C.-based gold and uranium mining company.
| Issuer: | First Uranium Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$61.5 million
|
| Units: | 20.5 million
|
| Price: | C$3.00
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$4.15
|
| Agents: | Macquarie Capital Markets Canada Ltd. (lead), Scotia Capital Inc. and National Bank Financial Inc.
|
| Pricing date: | Jan. 27
|
| Stock symbol: | Toronto: FIU
|
| Stock price: | C$3.16 at close Jan. 26
|
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