U3O8 to trade on TSX-V on Dec. 29
2006-12-28 16:54 ET - New Listing
Shares issued 22,900,000
U3O8 Corp.'s initial public offering (IPO) prospectus dated Dec. 15, 2006, has been filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the securities commissions in each of the provinces of Canada other than the province of Quebec on Dec. 15, 2006, pursuant to the provisions of the respective securities acts.
The gross proceeds received by the company for the offering were $30.25-million (12.1 million common shares at $2.50 per share, which includes the exercise in full of the agents' overallotment option). The company is classified as a "mining" company.
Commence date: At the opening Friday, Dec. 29, 2006, the common shares will commence trading on TSX-V.
Corporate jurisdiction: Ontario
Capitalization: Unlimited common shares with no par value, of which 22.9 million common shares are issued and outstanding
Escrowed shares: 6,075,000 common shares are subject to a 36-month staged release escrow
Transfer agent: Equity Transfer & Trust Company
Trading symbol: UWE
Cusip No.: 903415 10 7
Agents: Sprott Securities Inc., Blackmont Capital Inc. and Canaccord Capital Corp.
Greenshoe option: The agents have overallotted the offering to the extent of 1.1 million shares.
Agents' warrants: 726,000 non-transferable share purchase warrants; one warrant to purchase one common share at $2.50 per share for a period of two years from closing
For further information, please refer to the company's prospectus dated Dec. 15, 2006 |
