Business
Uragold Investors Exercise Over 6.5 Million Warrants and Options Since March 3, Adding $520,000 To Balance Sheet
(via Thenewswire.ca) Montreal, Quebec, Canada / April 27 2016 / TheNewswire - Uragold ...
About this update from Hpq Silicon Inc
[{"type":"text","content":"Uragold Investors Exercise Over 6.5 Million Warrants and Options Since March 3, Adding $520,000 To Balance Sheet(via Thenewswire.ca)\n \n \nMontreal, Quebec, Canada / April 27 2016 / TheNewswire - Uragold (TSX Venture: UBR) would like to inform its shareholders that between March 3 and April 25 2016, $ 519,756 was raised through the exercise of agent options, options, broker warrants and warrants. More specifically 6,227,768 warrant, 255,909 agent options, 100,000 options and 61,500 broker warrants were exercised.\n\n\n \nBernard Tourillon, Chairman and CEO of Uragold stated \"The raising of $519,756,30 in such a short time frame through different instrument exercises gives Uragold greater financial flexibility to advance both of our major initiatives forward - the imminent spin out of our Beauce Gold Property and of course our Solar Grade Silicon Metal initiative.\"\n\n\n \nAbout Uragold\n\n\n \nUragold Bay Resources is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Specialty Materials Company. Uragold has announced plans to spin out its Beauce Gold Project - the largest placer gold deposit in eastern North America. Our Business model is focused on developing unique projects that can generate high yield returns and significant free cash flow within a short time line.\n\n\n \nHigh Value Specialty Materials\n\n\n \nIn September 2015, PyroGenesis announced that it had filed for a provisional patent for the PUREVAPTM Quartz Vaporization Reactor (QVR) process, which it noted was able to produce silicon, at a lower cost, while generating less CO2 emissions than current processes.\n\n\n \nOn April 19, 2016, PyroGenesis announced that early test results of the PUREVAPTM QVR process have demonstrated that it can transform high purity quartz into silicon metal. The PUREVAPTM QVR validation program his now in its second stage whereby the operational parameters of the reactor are adjusted in order to achieve the transformation of Uragold Quartz into Solar Grade Purity Si.\n\n\n \nUragold, with its worldwide exclusive usage of PyroGenesis' PUREVAP(TM) QVR, is endeavouring to become a vertically integrated Silicon Metal (98.5% Si), High Purity Silicon Metal (99.99% Si), Solar Grade Silicon Metal (6N Purity / 99.9999% Si) and/or Higher (9N Purity / 99.9999999% Si) pro...