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Ur-Energy Inc. Announces Closing of $10.0 Million Public Equity Offering
Ur-Energy Inc. Announces Closing of $10.0 Million Public Equity Offering Canada Ne...
About this update from Ur-energy Inc.
[{"type":"text","content":"\n\n\n\nUr-Energy Inc. Announces Closing of $10.0 Million Public Equity Offering\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\n\nCanada NewsWire\nLITTLETON, Colo., Sept. 25, 2018\n\n\n\nLITTLETON, Colo., Sept. 25, 2018 /CNW/ -- Ur-Energy Inc. (NYSE American: URG) (TSX: URE) (\"Ur-Energy\") announced today the closing of its previously announced underwritten public offering of 12,195,122 common shares and accompanying warrants to purchase up to 6,097,561 common shares, at a combined public offering price of $0.82 per common share and accompanying warrant. The warrants will expire three years from the date of issuance and will allow the holders to purchase our common shares at an exercise price of $1.00 per common share. Ur-Energy has also granted the underwriters a 30-day option to purchase up to 1,829,268 additional common shares and warrants to purchase up to an aggregate of 914,634 common shares on the same terms. The underwriters have exercised a portion of their option to purchase additional securities at closing, acquiring 867,756 additional warrants to purchase an aggregate of 433,878 common shares. Including the partial exercise of the option, Ur-Energy issued a total of 12,195,122 common shares and 13,062,878 warrants to purchase up to 6,531,439 common shares. The gross proceeds to Ur-Energy from this offering were approximately $10.0 million, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by Ur-Energy. \n\n \n \n\n \nCantor Fitzgerald & Co. acted as the sole book-running manager for the offering. H.C. Wainwright & Co., LLC acted as lead manager for the offering.\nUr-Energy anticipates using the net proceeds from the offering to maintain and enhance operational readiness; additionally, proceeds may be used for working capital and general corporate purposes. The securities described above are being offered by Ur-Energy pursuant to a shelf registration statement on Form S-3 previously filed with and declared effective by the Securities and Exchange Commission (the \"SEC\") on August 3, 2...