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Ur-Energy Inc. Announces Closing of $46.1 Million Public Equity Offering, Including Full Exercise of the Underwriters' Option to Purchase Additional Shares and/or Warrants
LITTLETON, CO / ACCESSWIRE / February 21, 2023 / Ur-Energy Inc. (NYSE American:URG) (TSX:URE) ...
About this update from Ur-energy Inc.
[{"type":"text","content":"Ur-Energy Inc. Announces Closing of $46.1 Million Public Equity Offering, Including Full Exercise of the Underwriters' Option to Purchase Additional Shares and/or WarrantsLITTLETON, CO / ACCESSWIRE / February 21, 2023 / Ur-Energy Inc. (NYSE American:URG) (TSX:URE) (\"Ur-Energy\") announced today the closing of its previously announced underwritten public offering of 39,100,000 common shares and accompanying warrantsto purchase up to 19,550,000 common shares, which includes the full exercise of the underwriters' option to purchase up to 5,100,000 additional common shares and accompanying warrants to purchase up to 2,550,000 common shares, at a combined public offering price of $1.18 per common share and accompanying warrant. The warrants have an exercise price of $1.50 per whole common share and will expire three years from the date of issuance. The gross proceeds to Ur-Energy from this offering were approximately $46.1 million, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by Ur-Energy.Cantor Fitzgerald & Co. acted as the sole book-running manager for the offering. PI Financial (US) Corp., Roth Capital Partners, H.C. Wainwright & Co., LLC, and A.G.P./Alliance Global Partners acted as co-managers for the offering.Ur-Energy anticipates using the net proceeds from the offering to supplement working capital for ramp-up at Lost Creek, to maintain operational readiness, for possible future acquisitions or other strategic transactions and for working capital and general corporate purposes.The securities described above were 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 December 17, 2021. A prospectus supplement and the accompanying prospectus relating to the securities offered have been filed with the SEC and are available on the SEC's website at http://www.sec.gov. Copies of the final prospectus supplement and accompanying prospectus may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Ave., 6th Floor, New York, New York 10022, or by telephone at 212-829-7122, or by e-mail at [email protected] announcement is neither an offer to sell, nor a solicitation of an offer to buy, any of these securiti...