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Uranium Royalty Corp. Announces Closing of Over-Allotment Option In Connection with Initial Public Offering
Uranium Royalty Corp. Announces Closing of Over-Allotment Option In Connection with Initia...
About this update from Uranium Royalty Corp
[{"type":"text","content":"\n\n\n\nUranium Royalty Corp. Announces Closing of Over-Allotment Option In Connection with Initial Public 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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Dec. 23, 2019\n\n\n\n/NOT FOR DISTRIBUTION IN THE UNITED STATES/\n VANCOUVER, Dec. 23, 2019 /CNW/ - Uranium Royalty Corp. (TSX-V: URC) (\"URC\" or the \"Company\") is pleased to announce that the syndicate of agents of the Company's recent $30 million initial public offering (the \"IPO\") have exercised a portion of the over-allotment option granted by the Company to the agents in connection with the offering. As a result of this exercise, the Company has issued an additional 861,000 warrants at a price per warrant of $0.25, for additional gross proceeds to the Company of $215,250. Please see the Company's new release dated December 6, 2019 for further details regarding the previously announced closing of the IPO.\nThe IPO was managed by a syndicate of agents including Haywood Securities Inc., BMO Capital Markets, and TD Securities Inc., acting as joint bookrunners and co-lead agents, and Sprott Capital Partners LP, Canaccord Genuity Corp., and H.C. Wainwright & Co., LLC as special U.S. agent.\nAbout Uranium Royalty Corp.\nUranium Royalty Corp. is a pure-play uranium royalty company focused on gaining exposure to uranium prices by making strategic investments in uranium interests, including royalties, streams, debt and equity investments in uranium companies, as well as through holdings of physical uranium. The Company's strategy recognizes the inherent cyclicality of valuations based on uranium prices, including the impact of such cyclicality on the availability of capital within the sector and the current historically low pricing environment. The Company intends to execute on its strategy by leveraging the deep industry knowledge and expertise of its management team and the Board to identify and evaluate investment opportunities in the industry. The Company's management and the Board include individuals with over 130 years of combined ex...