CORPUS CHRISTI, Texas, Sept. 18, 2020 /CNW/ – Uranium Energy Corp. (NYSE American: UEC; “UEC” or the “Company”) is pleased to announce an underwritten public offering (the “Offering”) of units of the Company (the “Units”) at a price of $1.20 per Unit, with each Unit being comprised of one common share of the Company (each, a “Share”) and one–half of one common share purchase warrant (each whole warrant, a “Warrant”) to raise gross proceeds of up to $8 million. Each Warrant will entitle the holder to acquire one common share (each, a “Warrant Share”) at a price per Warrant Share of $1.80 exercisable immediately upon issuance and expiring 24 months from closing.
H.C. Wainwright & Co., LLC and Haywood Securities Inc. will be acting as joint book-running managers in connection with the Offering.
The Company anticipates that the net proceeds of the Offering will be used to fund exploration and development expenditures at the Company’s projects and for general corporate and working capital purposes.
September 23, 2020.
March 3, 2020.
http://www.sec.gov. After the filing of such preliminary prospectus supplement and accompanying prospectus relating to the securities to be offered under the proposed Offering, copies may also be obtained from H.C. Wainwright & Co., LLC, via email at [email protected], and in Canada from Haywood Securities Inc. at [email protected].” data-reactid=”21″>A preliminary prospectus supplement and accompanying prospectus describing the terms of the proposed Offering is expected to be filed with the SEC on Monday, September 21, 2020 and electronic copies of the preliminary prospectus supplement and accompanying prospectus would then be available on the SEC’s website at http://www.sec.gov. After the filing of such preliminary prospectus supplement and accompanying prospectus relating to the securities to be offered under the proposed Offering, copies may also be obtained from H.C. Wainwright & Co., LLC, via email at [email protected], and in Canada from Haywood Securities Inc. at [email protected].
This press release does not and shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration of qualification under the securities laws of any state or jurisdiction. The securities to be offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement, the prospectus or the Company’s shelf registration statement.
Arizona, New Mexico and Paraguay, a uranium/vanadium project in Colorado and a large, high-grade ferro-titanium project in Paraguay. The Company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.
United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as “forward-looking statements”. Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, including statements regarding whether or when the Offering may be completed and the anticipated use of proceeds from the offering. Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.
