Uranium Energy, which lists a corporate office in Littleton, Colo. and a registered office in Ottawa, issued five million common shares at a price of $1 per share.Current depositor and New York City-based investment management firm Black Rock subscribe for all five million of the common shares issued under the offering.
“Blackrock (sic) has been our biggest shareholder since 2005, prior to our IPO, and has been a solid supporter of the company since that time. We are extremely pleased with Blackrock's desire to enlarge its holdings to this extent," said Ur-Energy chair Jeffrey Klenda, in a statement.
"It clearly demonstrates their ongoing commitment to Uranium Energy's successes." Proceeds are expected to be used to finance drilling, mine growth and for general working capital and corporate purposes, the company said.The company's main exploration and growth properties are in Wyoming, but it also has two exploration projects in Canada in the Northwest Territories' Thelon Basin.
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