Key Developments: Uranium Participation Corporation (URPTF.PK)

URPTF.PK on OTC Markets Group

4.46USD
26 Dec 2014
Price Change (% chg)

$0.07 (+1.62%)
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$4.39
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$5.42
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Latest Key Developments (Source: Significant Developments)

Uranium Participation Corp announces normal course issuer bid
Thursday, 20 Nov 2014 08:10am EST 

Uranium Participation Corp:Says it has received approval from the Toronto Stock Exchange to acquire for cancellation, by way of normal course issuer bid up to 7,500,000 common shares of the Corporation , which, at the date hereof, represent about 7.7 pct of the public float.Says the purchases may commence on Nov. 24, and will terminate on Nov. 23, 2015 or on such earlier date as UPC completes its purchases.Says the purpose for the Bid is to provide UPC with a mechanism to decrease the potential spread between the net asset value per Share and the market price of the Shares.  Full Article

Uranium Participation Corporation announces filing of final base shelf prospectus
Friday, 31 Oct 2014 03:27pm EDT 

Uranium Participation Corporation:Filed a final short form base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada, other than Quebec.Pursuant to Prospectus, Uranium Participation Corporation (UPC) may issue common shares or warrants or any combination of such securities as units.May issue in amounts, at prices, and on terms to be determined based on market conditions at the time of sale and set forth in an accompanying prospectus supplement, for an aggregate offering amount of up to $200,000,000 during 25 month period that the Prospectus remains effective.UPC filed the Prospectus to give it flexibility to take advantage of financing opportunities as it sees fit.There is no certainty that any Securities will be offered or sold under the Prospectus within the 25-month period.  Full Article

Uranium Participation Corporation completes c$57.6 million bought deal equity financing
Thursday, 6 Feb 2014 09:10am EST 

Uranium Participation Corporation:Says the closing of its bought deal equity offering of 10,522,500 common shares of the company at a price of $5.47 per common share, which included the exercise in full of the over-allotment option granted to the underwriters.Says for gross proceeds of $57,558,000.Says the offering was underwritten by a syndicate led by Cormark Securities Inc. and included Raymond James Ltd., Cantor Fitzgerald Canada Corporation, RBC Capital Markets and Scotia Capital Inc.Says the proceeds of the offering will be used to fund the purchase of uranium and to fund the ongoing obligations of Uranium Participation Corp.Says at least 85 pct of the gross proceeds from the sale of securities by the Corporation must be invested in, or held for future purchases of uranium.  Full Article

Uranium Participation Corporation announces $50 mln bought deal financing of shares
Thursday, 16 Jan 2014 08:12am EST 

Uranium Participation Corporation:Says it has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc., and including Raymond James Ltd., Cantor Fitzgerald Canada Corporation, RBC Capital Markets and Scotia Capital Inc.Says agreement for which underwriters have agreed to purchase on a bought deal basis 9,150,000 common shares of the company at a price of $5.47 per common share, representing total gross proceeds of about $50 mln.Says closing is expected on or about Feb. 6 and is subject to regulatory approval including that of the Toronto Stock Exchange.Says underwriters also have an option to purchase up to an additional 15 pct of the Offering at the issue price to cover over-allotments for a period of 30 days after the date of closing.Says net proceeds of the Offering will be used to fund future purchases of U3O8 and/or UF6 and for general corporate purposes.  Full Article

Uranium Participation Corporation Announces Normal Course Issuer Bid
Thursday, 26 Sep 2013 05:00pm EDT 

Uranium Participation Corporation announced that it has received approval from the Toronto Stock Exchange (the TSX) to acquire for cancellation, by way of normal course issuer bid (the Bid) up to 8,035,744 common shares of the Corporation (Shares), which, at the date hereof, represent approximately 10% of the public float. As of September 25, 2013, 106,350,413 Shares of the Corporation are outstanding. Daily purchases will be limited to 102,327 Shares, other than block purchase exceptions. The purchases may commence on September 30, 2013 and will terminate on September 29, 2014 or on such earlier date as UPC completes its purchases. The purpose for the Bid is to provide UPC with a mechanism to decrease the potential spread between the net asset value per Share and the market price of the Shares. Purchases will be made by the Corporation in accordance with TSX requirements, and the price which the Corporation will pay for any Shares will be the market price of the Shares at the time of acquisition. All purchases will be effected through the facilities of TSX. All purchased Shares will be cancelled. Since being listed on the TSX in May 2005, the Corporation has purchased an aggregate of 1,209,400 of its outstanding Shares. These purchases were effected through the facilities of the TSX pursuant to a normal course issuer bid during the twelve month period commencing June 14, 2011. All purchased Shares were cancelled.  Full Article

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