UEX Announces Closing of Upsized C$6.0 Million Bought Deal Private Placement

(TheNewswire)

Saskatoon, Saskatchewan TheNewswire – December 2, 2020 UEX Corporation (TSX:UEX) (OTC:UEXCF) (“UEX” or the “Company”) is pleased to announce that it has closed its previously announced “bought deal” private placement of an aggregate of 18,498,665 units of the Company (the “Units”) at a price of C$0.12 per Unit and 27,001,144 common shares of the Company that qualify as “flow-through shares (the “FT Shares”) at a price of C$0.14 per FT Share for gross proceeds of C$6,000,000, including the full exercise of the underwriters’ overallotment option (the “Offering”). The Units and FT Shares were offered and sold through a syndicate of underwriters led by Red Cloud Securities Inc. and included Sprott Capital Partners.

Each Unit is 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 is exercisable into one […]

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