Key Developments: Uranerz Energy Corp (URZ.TO)

URZ.TO on Toronto Stock Exchange

1.29CAD
24 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Uranerz Energy Corp announces upsizing of offering to $12 mln
Friday, 18 Jul 2014 09:00am EDT 

Uranerz Energy Corp:Says it increased the size of its previously announced offering of units on July 16, to raise gross proceeds of $12 mln consisting of 9,600,000 units of the company at a price per unit of $1.25.Offering is led by Haywood Securities Inc. and Cantor Fitzgerald Canada Corporation on behalf of a syndicate of agents including H.C. Wainwright & Co., LLC, and Laurentian Bank Securities Inc.Net proceeds will be utilized to continue development and operations of mining facilities, including wellfields, at the company's Nichols Ranch ISR Uranium Project.Additionally, proceeds will be used for working capital and other general corporate purposes.  Full Article

Paul Goranson joins Uranerz Energy Corp as President
Monday, 2 Dec 2013 08:45am EST 

Uranerz Energy Corp:Says that Paul Goranson has joined Uranerz as President, Chief Operating Officer and a Director.  Full Article

Uranerz Energy Corp Closes USD10 Million Bought Deal Financing
Friday, 6 Sep 2013 09:06am EDT 

Uranerz Energy Corp announced the closing of its previously announced bought deal offering (the Offering). The Company issued and sold, through a syndicate of underwriters, 8,550,000 units of the Company (the Units) at a price of USD1.17 per Unit for aggregate gross proceeds of approximately $10,000,000. Each Unit consisted of one share of the Company's common stock and one-half of one common share purchase warrant, with each whole warrant exercisable to purchase one additional share of the Company's common stock for a period of 30 months following the closing of the offering at an exercise price of USD1.60, subject to adjustment and acceleration provisions. The warrants will not be listed on any exchange. Haywood Securities Inc. acted as lead underwriter in relation to the Offering of the Units. The syndicate of underwriters included Cantor Fitzgerald Canada Corporation, Dundee Securities Ltd., Laurentian Bank Securities Inc. and Global Hunter Securities LLC (collectively, the "Underwriters"). In addition, H.C. Wainwright & Co., LLC participated in the Offering as a selling group member. The Company anticipates that the net proceeds from the Offering will be utilized to fund ongoing construction of the Company's Nichols Ranch ISR Uranium Project and for general corporate purposes.  Full Article

Uranerz Energy Corp Announces USD10 Million Bought Deal Financing
Tuesday, 27 Aug 2013 07:40am EDT 

Uranerz Energy Corp announced that it has entered into an underwriting agreement with a syndicate of underwriters led by Haywood Securities Inc. and including Cantor Fitzgerald Canada Corporation, Dundee Securities Ltd., Laurentian Bank Securities Inc. and Global Hunter Securities LLC, pursuant to which the Underwriters have agreed to purchase, severally and not jointly, on a bought deal basis, 8,550,000 units of the Company at a price per Unit of USD1.17 for gross proceeds of approximately USD10 million before deduction of the Underwriters' commission and offering expenses. Each Unit will be comprised of one share of the Company's common stock, $0.001 par value per share, and one half of one common share purchase warrant, with each whole warrant exercisable to purchase one additional share of the Company's common stock for a period of 30 months following the closing of the offering at an exercise price of USD1.60. Global Hunter Securities LLC will only be offering the Units in the United States. All offers and sales of Units in the United States will be made by U.S. registered broker-dealers. Closing is anticipated to take place on September 6, 2013, including receipt of approval of the NYSE MKT and the Toronto Stock Exchange. The Warrants will not be listed on any exchange. The Company anticipates that the net proceeds from the offering will be utilized to fund ongoing construction of the Company's Nichols Ranch ISR Uranium Project and for general corporate purposes.  Full Article

Uranerz Energy Corp Completes USD6 Million Short-Term Note Financing
Friday, 7 Jun 2013 08:45am EDT 

Uranerz Energy Corp announced that it has closed a short-term note (Note) financing with a select group of investors in the aggregate amount of USD6,000,000. The Note financing proceeds will be utilized to fund ongoing construction of the Company's Nichols Ranch ISR Uranium Project. Uranerz intends to repay the Notes in full upon closing of the Bond loan. The Company intends to use the proceeds from the financing to commence drilling of deep disposal wells at Nichols Ranch, to continue the construction of the Company's Nichols Ranch ISR Facility and for general corporate and administrative purposes. The Notes will mature on the earlier of 30 days from the execution and delivery of documentation in connection with the Bond financing, and December 31, 2013.  Full Article

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