The Prospector News

GoviEx Announces Completion of $8 Million Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

 

 

 

 

 

GoviEx Uranium Inc. (TSX-V: GXU) (OTCQB: GVXXF) is pleased to announce that it has completed a non-brokered private placement with the issue of 32,000,000 units at a price of C$0.25 per Unit for gross proceeds of C$8,000,000.

 

Each Unit consists of one Class A common share in the capital of the Company and one  transferable share purchase warrant. Each Warrant will entitle the holder to acquire on exercise one Common Share until January 21, 2023 at a price of US$0.30 per Warrant Share, subject to applicable adjustments.

 

All securities issued under the Private Placement are subject to a four-month hold period and may not be traded before May 22, 2021.

 

The net proceeds from the Private Placement will be used to fund continued exploration and development activities on the Company’s assets, working capital and for general corporate purposes.

 

The Company paid cash finder’s fees of approximately C$433,391 in relation to the Private Placement.

 

The Private Placement remains subject to the final Exchange acceptance.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

About GoviEx Uranium

 

GoviEx is a mineral resource company focused on the exploration and development of uranium properties in Africa. GoviEx’s principal objective is to become a significant uranium producer through the continued exploration and development of its flagship mine-permitted Madaouela Project in Niger, its mine-permitted Mutanga Project in Zambia, and its multi-element Falea Project in Mali.

 

Posted January 22, 2021

Share this news article

MORE or "UNCATEGORIZED"


Kirkland Lake Gold Reports Solid Production in First Quarter 2021

Kirkland Lake Gold Ltd. (TSX:KL) (NYSE:KL) (ASX:KLA) announced pr... READ MORE

April 9, 2021

Ascot Resources Ltd. Announces Closing of C$61,000,000 Bought Deal Financing

Ascot Resources Ltd. (TSX: AOT) (OTCQX: AOTVF) is pleased to ann... READ MORE

April 9, 2021

Rio Tinto reaches agreement with Turquoise Hill Resources on financing plan for Oyu Tolgoi

Rio Tinto has entered into a binding Heads of Agreement with Turq... READ MORE

April 9, 2021

Frontier Lithium Announces Acquisition of the 2.5% Net Smelter Royalty on the PAK Lithium Project

Frontier Lithium Inc. (TSX-V: FL) (OTCQX: LITOF) (FSE: HL2) annou... READ MORE

April 9, 2021

Uranium Energy Corp Completes Financing and Reports Over $110 Million in Cash, Equity and Inventory Holdings as of April 9, 2021

Uranium Energy Corp (NYSE: UEC) is pleased to announce the closin... READ MORE

April 9, 2021

Copyright 2021 The Prospector News