The Prospector News

Energy Fuels Completes Upsized C$6.6 Million Bought Deal Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close

Share this news article

Energy Fuels Completes Upsized C$6.6 Million Bought Deal Private Placement






Energy Fuels Inc. (TSX:EFR) is pleased to announce the closing of its previously announced bought deal private placement of units of the Company pursuant to an underwriting agreement with Dundee Securities Ltd. (as sole bookrunner), Haywood Securities Inc. and Cantor Fitzgerald Canada Corporation. A total of 47,380,791 Units were issued at a price of C$0.14 per Unit for aggregate gross proceeds of C$6,633,310. Following strong investor interest, the Offering was increased from the previously announced maximum size of C$5,750,115. Each Unit consists of one common share of the Company and one-half of one common share purchase warrant. Each whole Warrant entitles the holder thereof to acquire one Common Share at a price of C$0.19 at any time until June 15, 2015. The Common Shares and Warrants are subject to a four month statutory hold period that will expire October 14, 2013. The Warrants will not be listed for trading.

The net proceeds of the Offering will be used for future exploration and development expenditures, future potential mineral property acquisitions, and for general corporate purposes.

About the Company

The Company is America’s largest conventional uranium producer, supplying approximately 25% of the uranium produced in the U.S., and is also a significant producer of vanadium. The Company operates the White Mesa Mill, which is the only conventional uranium mill currently operating in the U.S., capable of processing 2,000 tons per day of uranium ore. The Company has projects located throughout the Western U.S., including producing mines and mineral properties in various stages of permitting and development.

Posted June 14, 2013

Share this news article


Fireweed Intersects Three Distinct High-Grade Zinc Zones Including 23.77% Zinc, 3.44% Lead, and 75.7 g/t Silver Over 10.42 m in New Zone at Boundary West

FIREWEED ZINC LTD. (TSX-V: FWZ) is pleased to announce the result... READ MORE

September 16, 2021

Three more holes intersect mineralized porphyry at Brama target, Bramaderos Project, Ecuador, paving way for maiden Mineral Resource Estimate in early 2022

Assays include 69.6m at 0.65g/t gold and 0.2% copper  ... READ MORE

September 16, 2021

Labrador Gold Intersects 128.51 g/t Gold Over 1.12 Metres at Big Vein, Kingsway Project

Labrador Gold Corp. (TSX-V:LAB) (OTCQX:NKOSF) (FNR:... READ MORE

September 16, 2021

Pan Global Continues to Expand the near Surface Copper-Tin Discovery at the Escacena Project, Southern Spain

Highlights include: 6.5m at 2.52% CuEq (2.27% Cu, 8.1g/t Ag) from... READ MORE

September 16, 2021

Drilling at Galloway Continues to Provide Good Mineralized Intersections

Fokus Mining Corporation (TSX-V: FKM) (OTCQB: FKMCF) (FSE: F7E1) ... READ MORE

September 16, 2021

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2021 The Prospector News