Business
Ucore Announces Upsize to the Brokered LIFE Offering for Gross Proceeds of up to C$14.0 Million
Ucore Announces Upsize to the Brokered LIFE Offering for Gross Proceeds of up to C$14.0 Million ...
About this update from Ucore Rare Metals Inc.
[{"type":"text","content":"\n\n\n\n Ucore Announces Upsize to the Brokered LIFE Offering for Gross Proceeds of up to C$14.0 Million\n \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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n /THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n HALIFAX, NS\n \n\n ,\n \n\n June 9, 2025\n \n\n /CNW/ -\n \n Ucore Rare Metals Inc.\n \n (TSXV: UCU) (OTCQX: UURAF) (\"\n \n Ucore\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that, as a result of strong investor demand, the Company has increased the size of its previously announced \"best efforts\" private placement (the \"\n \n Marketed Offering\n \n \") from aggregate gross proceeds of up to\n \n C$10.0 million\n \n to aggregate gross proceeds of up to\n \n C$14.0 million\n \n . The upsized Marketed Offering is comprised of the sale of up to 11,666,667 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n C$1.20\n \n per Unit (the \"\n \n Offering Price\n \n \"). Each Unit will consist of one common share in the capital of the Company (a \"\n \n Common Share\n \n \") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a \"\n \n Warrant\n \n \"). Each Warrant will entitle the holder thereof to purchase one Common Share (a \"\n \n Warrant Share\n \n \") at any time on or before the date which is 36 months following the Closing Date (as herein defined) at an exercise price of\n \n C$1.75\n \n .\n \n\n Red Cloud Securities Inc., as lead agent and sole bookrunner, together with Raymond James Ltd. (collectively, the \"\n \n Agents\n \n \"), are acting as agents in connection with the Offering. The Company has granted the Agents an option (the \"\n \n Agents' Option\n \n \", and together with the Marketed Offering, the \"\n \n Offering\n \n \"), exercisable in whole or in part up to 48 hours prior to the closing of the Offering, to offer and sell up to an additional 1,250,000 Units at the Offering Price for additional gross proceeds of up to\n \n C$1.5 mi...