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Uranium Royalty Corp. Announces At-the-Market Equity Program
Uranium Royalty Corp. Announces At-the-Market Equity Program Canada NewsWire ...
About this update from Uranium Royalty Corp
[{"type":"text","content":"\n \n \n \n Uranium Royalty Corp. Announces At-the-Market Equity Program\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Aug. 18, 2021\n \n /CNW/ -\n \n Uranium Royalty Corp.\n \n (TSXV: URC) (NASDAQ: UROY) (\"\n \n URC\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has entered into an equity distribution agreement (the \"\n \n Distribution Agreement\n \n \") with a syndicate of agents led by BMO Nesbitt Burns Inc., and including BMO Capital Markets Corp., Canaccord Genuity Corp., Canaccord Genuity LLC, H.C. Wainwright & Co. LLC, Paradigm Capital Inc., TD Securities Inc. and TD Securities (\n \n USA\n \n ) LLC (collectively, the \"\n \n Agents\n \n \"), for an at-the-market equity program (the \"\n \n ATM Program\n \n \").\n \n \n The Distribution Agreement will allow the Company to distribute up to\n \n US$40 million\n \n (or the equivalent in Canadian dollars) of common shares of the Company (the \"\n \n Offered Shares\n \n \") under the ATM Program. The Offered Shares will be issued by the Company to the public from time to time, through the Agents, at the Company's discretion. The Offered Shares sold under the ATM Program, if any, will be sold at the prevailing market price at the time of sale.\n \n \n The Company intends to use the net proceeds of any such sales under the ATM Program to finance the acquisition of additional royalties, streams, physical uranium and similar interests and for working capital.\n \n \n Under the Distribution Agreement, sales of Offered Shares will be made by the Agents through \"at-the-market distributions\" as defined in National Instrument 44-102 –\n \n Shelf Distributions\n \n on the TSX Venture Exchange, Nasdaq Capital Market or any other trading market for the Offered Shares in\n \n Canada\n \n or\n \n the United States\n \n . The Company is not obligated to make any sales of Offered Shares under the Distribution Agreement. Unless earlier terminated by the Company or the Agents as permitted therein, the Distribution Agreement wi...