Uranium Participation Corporation Announces $50 Million Bought Deal Financing

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TORONTO, May 3, 2021 /CNW/ – Uranium Participation Corporation ("UPC" or the "Company") (TSX: U ) has today entered into an agreement with Cormark Securities Inc. and Cantor Fitzgerald Canada Corporation (the "Co-Lead Underwriters") on behalf of a syndicate of underwriters (the "Underwriters") pursuant to which the Underwriters have agreed to purchase on a bought deal basis 9,616,000 common shares of the Company (the "Shares") at a price of $5.20 per Share, representing total gross proceeds of $50,003,200 (the "Offering"). Closing is expected on or about May 26, 2021 (the "Closing Date"), and is subject to regulatory approval including that of the Toronto Stock Exchange.

The Underwriters also have an option to purchase up to an additional 1,442,400 Shares at the offering […]

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