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Uranium Royalty Corp. Announces Closing of C$25 Million Bought Deal Offering, Completing its Previously Announced C$37 Million Financing Package
Uranium Royalty Corp. Announces Closing of C$25 Million Bought Deal Offering, Completing ...
About this update from Uranium Royalty Corp
[{"type":"text","content":"\n \n \n \n Uranium Royalty Corp. Announces Closing of C$25 Million Bought Deal Offering, Completing its Previously Announced C$37 Million Financing Package\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 /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n Highlights:\n \n \n \n \n \n Completes the\n \n C$37 million\n \n financing package comprised of a\n \n C$25 million\n \n bought deal offering and previously announced\n \n C$12 million\n \n margin loan facility\n \n \n \n \n As of\n \n May 20, 2021\n \n , the Company has approximately\n \n C$70 million\n \n in cash, equity and inventory holdings and\n \n C$6 million\n \n (\n \n US$5 million\n \n ) available for drawdown under its margin loan facilty\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n May 20, 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 completed its previously announced bought deal offering (the \"\n \n Offering\n \n \") of common shares of the Company, resulting in aggregate gross proceeds of\n \n C$25,010,000\n \n . The Offering was conducted by way of a short form prospectus dated\n \n May 18, 2021\n \n , through a syndicate of underwriters led by BMO Nesbitt Burns Inc., and included Canaccord Genuity Corp., H.C. Wainwright & Co., LLC, TD Securities Inc. and Paradigm Capital Inc. (collectively, the \"\n \n Underwriters\n \n \"), pursuant to which the Company issued a total of 6,100,000 common shares (the \"\n \n Offered Shares\n \n \") at a price of\n \n C$4.10\n \n per Offered Share (the \"\n \n Offering Price\n \n \").\n \n \n Following the closing of the Offering, the Company has approximately\n \n C$70 million\n \n in cash, equity and inventory holdings and\n \n C$6 million\n \n (\n \n US$5 million\n \n ) available for drawdown under the margin loan facility.\n \n \n The Company intends to use the net proceeds of the Offering to fund future purchases...