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U3O8 Corp. Reports Progress on Capital Restructuring / Director Warrant Exercise
U3O8 Corp. Reports Progress on Capital Restructuring / Director Warrant Exercise C...
About this update from Green Shift Commodities Ltd
[{"type":"text","content":"\n\n\n\nU3O8 Corp. Reports Progress on Capital Restructuring / Director Warrant Exercise\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.prngen2{\nBORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; BORDER-LEFT:black 1pt solid; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: MIDDLE; BORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid\n}\n.prntbls{\nBORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid; BORDER-COLLAPSE: collapse; BORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, June 7, 2017\n\n\n\nTORONTO, June 7, 2017 /CNW/ - U3O8 Corp. (TSX: UWE), (OTCQB:  UWEFF) (\"U3O8 Corp.\" or the \"Company\") is pleased to announce that, as part of the capital restructuring spearheaded by the proposed share consolidation to be voted upon at the Annual and Special Meeting to be held on June 22, 2017, it has reached agreement with a shareholder to reprice and accelerate an aggregate total of 19.3 million previously issued common share purchase warrants (the \"Warrants').  In addition, Dr. Keith Barron, founder and director of U3O8 Corp., has offered to exercise out-of-the-money warrants as a means of providing the Company with working capital that is not dilutive to U3O8 Corp. shareholders.\n\nDr. Keith Barron commented: \"As one of its largest shareholders, I am committed to the success of U3O8 Corp.  Having spent a considerable amount of time in the field studying the Company's Laguna Salada and Berlin deposits, I am convinced of their low production cost potential.  Consequently, I am positioning myself for the inevitable rebound in uranium sector and for accelerating growth in the battery commodities market.\"  \n\nWarrant Repricing and Acceleration\n\nThe warrants upon which agreement has been reached are tabulated below, each having been linked to a private placement: \n\n\n\n\nExpiry Date\n\n\nIssue Date\n\n\nNumber of  warrants\n\n\nExercise Price\n\n\n\n18-Jun-2017\n\n\n18-Jun-2014\n\n\n3,600,000\n\n\n$0.13\n\n\n\n05-Sep-2017\n\n\n05-Sep-2014\n\n\n2,500,000\n\n\n$0.12\n\n\n\n...