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Uranium Royalty Corp. Closes $30 million Initial Public Offering and Announces Listing on the TSX Venture Exchange
Uranium Royalty Corp. Closes $30 million Initial Public Offering and Announces Listing on ...
About this update from Uranium Royalty Corp
[{"type":"text","content":"\n\n\n\nUranium Royalty Corp. Closes $30 million Initial Public Offering and Announces Listing on the TSX Venture Exchange\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. 6, 2019\n\n\n\n/NOT FOR DISTRIBUTION IN THE UNITED STATES./\n VANCOUVER, Dec. 6, 2019 /CNW/ - Uranium Royalty Corp. (TSX-V: URC) (\"URC\" or the \"Company\") is pleased to announce that it has completed its oversubscribed and upsized initial public offering (the \"IPO\") and listing on the TSX Venture Exchange (\"TSX-V\"). The IPO consisted of the issuance of 20,000,000 units of the Company (the \"Units\") at a price of $1.50 per Unit (the \"Offering Price\") for gross proceeds of $30,000,000. Each Unit is comprised of one common share of the Company (a \"Common Share\") plus one common share purchase warrant (a \"Warrant\"). Each Warrant will entitle the holder thereof to purchase one Common Share of the Company at an exercise price of $2.00 per share until December 6, 2024. URC's Common Shares and Warrants are expected to commence trading on the TSX-V under the symbol \"URC\" and \"URC.WT\" on December 11, 2019.\n\n \n \n\n \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 and Canaccord Genuity Corp. (collectively, the \"Canadian Agents\"), and H.C. Wainwright & Co., LLC (\"H.C. Wainwright\", and together with the Canadian Agents, the \"Agents\") as special U.S. agent. H.C. Wainwright is not registered as a dealer in any Canadian jurisdiction and accordingly, did not, directly or indirectly, solicit offers to purchase or sell the Units in Canada. Sangra Moller LLP acted as legal counsel to URC and McCarthy Tétrault LLP acted as legal counsel to the Agents.\nURC has granted the Agents an over-allotment option, exercisable in whole or in part, at the sole discretion of the Agents, at any time and from time to time, for a period of 30 days following the closing of the IPO, to...