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Energy Fuels Announces Closing of Previously Announced US$15,007,500 Bought Deal Offering of Units Including Full Exercise of Over-Allotment Option
Energy Fuels Announces Closing of Previously Announced US$15,007,500 Bought Deal Offering ...
About this update from Energy Fuels Inc.
[{"type":"text","content":"\n\n\n\nEnergy Fuels Announces Closing of Previously Announced US$15,007,500 Bought Deal Offering of Units Including Full Exercise of Over-Allotment Option\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nEnergy Fuels Announces Closing of Previously Announced US$15,007,500 Bought Deal Offering of Units Including Full Exercise of Over-Allotment Option\nCanada NewsWire\nLAKEWOOD, CO, Sept. 20, 2016\n\n\n\n\n\n\nLAKEWOOD, CO, Sept. 20, 2016 /CNW/ - Energy Fuels Inc. (NYSE MKT:UUUU; TSX:EFR) (\"Energy Fuels\" or the \"Company\") is pleased to announce it has closed the previously announced public offering (the \"Offering\") of Units made pursuant to an amended and restated underwriting agreement dated September 15, 2016 between the Company and a syndicate of underwriters led by Cantor Fitzgerald Canada Corporation and Rodman & Renshaw a unit of H.C. Wainwright & Co., LLC, acting as co-lead underwriters and joint book-running managers, along with Haywood Securities Inc., Raymond James Ltd. and Dundee Securities Ltd (collectively, the \"Underwriters\").\n\n(LOGO: http://photos.prnewswire.com/prnh/20160920/409746LOGO)\n\nPursuant to the Offering, the Company sold an aggregate of 8,337,500 Units (which includes 1,087,500 Units that were issued upon the exercise, in full, of the over‐allotment option that was granted to the Underwriters) at a price of US$1.80 per Unit for gross proceeds of US$15,007,500. Each Unit consists of one common share (each a \"Share\") and one half of one common share purchase warrant (each whole warrant, a \"Warrant\"), or a total of 8,337,500 Shares and 4,168,750 Warrants. Each Warrant will be exercisable until September 20, 2021 and will entitle the holder thereof to acquire one Share upon exercise at an exercise price of US$2.45 per Share.\n\nAs previously announced, the Company intends to use the net proceeds of the Offering (i) to continue to finance the previously announced shaft sinking and evaluation at the Company's high-grade Canyon mine project in Arizona; (ii) to continue to fund wellfield construction at the Company's Nichols ...