Deal sells 3.56 million shares at $0.235 each to Aspire Capital Fund
By Marisa Wong
Morgantown, W.Va., Feb. 4 – Uranium Resources Inc. said it will conduct an $838,000 registered direct offering of stock.
The company will sell 3.56 million common shares to Aspire Capital Fund, LLC. The purchase price of $0.235 per share reflects a 34.72% discount to the $0.36 closing share price on Feb. 2.
Proceeds will be used for general corporate purposes, which may include technical studies, restoration commitments, capital expenditures and working capital.
Uranium Resources, based in Lewisville, Texas, is an exploration company focused on uranium.
| Issuer: | Uranium Resources Inc.
|
| Issue: | Common stock
|
| Amount: | $838,000
|
| Shares: | 3.56 million
|
| Price: | $0.235
|
| Warrants: | No
|
| Investor: | Aspire Capital Fund, LLC
|
| Pricing date: | Feb. 4
|
| Stock symbol: | Nasdaq: URRE
|
| Stock price: | $0.36 at close Feb. 2
|
| Market capitalization: | $21.69 million
|
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