By Sheri Kasprzak
New York, May 25 - Uranerz Energy Corp. concluded a $3,748,850 private placement.
The company sold 2,142,200 units at $1.75 each to 40 investors.
The units consist of one share and one half-share warrant. Each whole warrant is exercisable at $2.25 for one year.
In other news, Uranerz granted stock options to some of its executives and directors for 550,000 shares. The options are exercisable at $1.96 each and expire on May 23, 2011.
Vancouver, B.C.-based Uranerz is an oil and natural gas exploration company.
| Issuer: | Uranerz Energy Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | $3,748,850
|
| Units: | 2,142,200
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| Price: | $1.75
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | $2.25
|
| Settlement date: | May 19
|
| Announcement date: | May 25
|
| Stock symbol: | OTCBB: URNZ
|
| Stock price: | $2.50 at close May 25
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