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.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
Latest Markets Videos
- The $12 Trillion "Once-in-a-Lifetime" Market Opportunity Investors Won't Want to Miss
- J.P. Morgan Says These 3 Stocks Could Surge Over 100% From Current Levels
- Forget Tesla's Battery Day, These EV Stories Are More Important
- ChargePoint, Switchback Energy Acquisition Enter Business Combination Agreement