(TheNewswire) NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
UEX Corporation (TSX:UEX) (“UEX” or the “Company”) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Sprott Capital Partners (“Sprott”) pursuant to which the underwriters have agreed to purchase 72,950,000 units of the Company (the “Units”) at a price of C$0.29 per Unit on a “bought deal” private placement basis (the “Offering”) for aggregate proceeds of C$21,155,500 to the Company
Each Unit shall be comprised of one common share in the capital of the Company (each a “Common Share”) and one-half of one Common Share purchase warrant (each a “Warrant”). Each whole Warrant shall be exercisable for one Common Share at a price of C$0.40 at any time on or before the date which is 36 months after the closing date of the Offering. […]
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