Shareholders to receive 0.3119 shares for every subscription right held
By Devika Patel
Knoxville, Tenn., Feb. 7 - Uranium Resources, Inc. plans a rights offering of stock and warrants to raise up to $13 million, according to a prospectus supplement filed Thursday with the Securities and Exchange Commission.
The company will offer rights for up to 5,098,039 common shares at $2.55 apiece, a 15% discount to the closing share price of $3.00 on Feb. 6. Each subscription right will entitle its holder to purchase 0.3119 common shares.
Proceeds will be used to repay a 10% bridge loan.
Uranium Resources, based in Lewisville, Texas, is a mineral exploration company focused on uranium.
| Issuer: | Uranium Resources, Inc.
|
| Issue: | Common stock
|
| Amount: | $13 million
|
| Shares: | 5,098,039
|
| Price: | $2.55
|
| Warrants: | No
|
| Pricing date: | Feb. 7
|
| Stock symbol: | Nasdaq: URRE
|
| Stock price: | $3.00 at close Feb. 6
|
| Market capitalization: | $47.71 million
|
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