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Energy Fuels Announces US$10.0 Million Bought Deal Offering of Units
Energy Fuels Announces US$10.0 Million Bought Deal Offering of Units Energy Fuels ...
About this update from Energy Fuels Inc.
[{"type":"text","content":"\n\n\n\nEnergy Fuels Announces US$10.0 Million Bought Deal Offering of Units\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 US$10.0 Million Bought Deal Offering of Units\nCanada NewsWire\nLAKEWOOD, CO, Sept. 14, 2016\n\n\n\nLAKEWOOD, CO, Sept. 14, 2016 /CNW/ - Energy Fuels Inc. (NYSE MKT:UUUU; TSX:EFR) (\"Energy Fuels\" or the \"Company\") is pleased to announce that it has entered into an underwriting agreement (the \"Underwriting Agreement\") with 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, under which the underwriters have agreed to buy on a bought deal, underwritten basis 5,555,556 units (the \"Units\"), each Unit consisting of one common share (each a \"Share\") and one half of one common share purchase warrant (each whole warrant, a \"Warrant\"), at a price of US$1.80 per Unit for gross proceeds of US$10.0 million (the \"Offering\").  Each Warrant will be exercisable for five years following the closing date and will entitle the holder thereof to acquire one Share upon exercise at an exercise price of US$2.45 per Share.  The Company has applied to list the Warrants on the Toronto Stock Exchange (the \"TSX\"), though listing will be subject to the Company fulfilling all of the listing requirements of the TSX.  The Company intends to list the Warrants on the NYSE MKT within 90 days of the closing of the Offering, subject to the Company fulfilling all of the listing requirements of the NYSE MKT.  The Company has granted the underwriters an option, exercisable at the offering price at any time prior to 5:00 p.m. (Toronto time) on the day that is the 30th day following the closing date of the Offering, to purchase up to an additional 15% of the base Units offered in the Offering (which may be exercised for Units, Shares, Warrants or a combination thereof) to cover over-allotments, if any, and for market stabilization purposes.  The Offering is ex...