Uranium Energy Corp. is pleased to announce a underwritten public offering of units of the Company at a price of $1.50 per Unit, with each Unit being comprised of one common share of the Company and one‐half of one common share purchase warrant to raise up to $10 Million. Each Warrant will entitle the holder to acquire one common share at a price per Warrant Share of $2.00 exercisable six months from and expiring on the third anniversary from closing.
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.
The closing of the Offering is expected to occur on January 20th, 2017.
Uranium Energy will host an investor conference call today, Friday, January 13, 2017, at 5:00PM EST, to discuss the proposed public offering. The conference call can be accessed at:
http://event.on24.com/wcc/r/1349249-1/93DB1CCFB3C3A838A1EE363955DC0D90
Call Agenda:
The following members of the UEC team will lead the call:
1. Mr. Spencer Abraham, Executive Chairman and former US Secretary of Energy, will provide an overview of the anticipated energy policies of President Elect Donald J. Trump and the incoming Congress and the positive implications for U.S. nuclear power and uranium mining.
2. Mr. Amir Adnani, CEO and President, will provide an overview of the Company's recent developments, asset base and project pipeline in the U.S. and South America.
3. Mr. Scott Melbye, Executive Vice President of UEC and Senior Advisor to the world's largest uranium mining company Kazatomprom, will provide insight into this week's news of reduced production from Kazakhstan and discuss global trends for uranium in 2017
Rodman & Renshaw, a unit of H.C. Wainwright & Co., LLC and Haywood Securities Inc. are acting as Joint Bookrunners in connection with the Offering.
About Uranium Energy Corp
Uranium Energy Corp, is a U.S.-based uranium mining and exploration company. The Company's fully-licensed Hobson processing facility is central to all of its projects in South Texas, including the Palangana ISR mine, the permitted Goliad ISR project and the development-stage Burke Hollow ISR project. Additionally, the Company controls a pipeline of advanced-stage projects in Arizona, Colorado and 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.
