U3O8 Corp. Increases Private Placement to Approximately $3 Million

U3O8 Corp. (UWE.TO) has increased the size of its recently announced non-brokered private placement to approximately 14 million units at $0.22 per unit for total gross proceeds of approximately $3 million.

The net proceeds will be used to fund ongoing work building on the positive Preliminary Economic Assesment recently announced on U3O8 Corp's initial deposit in Colombia, for its exploration projects in Argentina and Guyana, and also for general corporate purposes.

UWE went up by nearly 3% to $0.205, moving further away from year low 19 cents. Over 263,000 UWE shares have changed hands.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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