Appia Rare Earths & Uranium Announces Closing of Upsized C$8.5 Million Bought Deal Private Placement

Appia Rare Earths & Uranium Announces Closing of Upsized C$8.5 Million Bought Deal Private Placement

is pleased to announce the closing of its previously announced bought deal private placement (the " Offering ") for gross proceeds of C$8,500,000, which includes the proceeds from the full exercise of the underwriters’ over-allotment option. Due to significant demand, the Offering was upsized from the original gross proceeds of C$6.0 million. Under the Offering, the Company sold 2,222,222 flow-through units of the Company (each, a " FT Unit ") at a price of C$0.90 per FT Unit and 6,500,000 FT Units that were sold to charitable purchasers (each, a " Charity FT Unit ") at a price of C$1.00 per Charity FT Unit. Red Cloud Securities Inc., as lead underwriter and sole bookrunner, with Research Capital Corp. acted as underwriters (the " Underwriters ") for the Offering.

Each FT Unit and Charity FT Unit consists of one common share of the Company issued as a "flow-through share" within the […]

About the author: StockMan
Tell us something about yourself.
Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet