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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (11057)	5/11/2015 3:04:55 PM
From: Goose94	Read Replies (1) \| Respond to of 202925

UEX (UEX-T) Closes Oversubscribed PP May 11, '15 - NR UEX is pleased to announce that it has closed its previously announced flow-through common share offering (the "Offering") with Marquest Capital Markets, Secutor Capital Management Corp. and Raymond James Ltd. (the "Agents") on a "best efforts" private placement basis for 11,000,000 common shares of the Company which qualify as "flow-through" shares pursuant to the Income Tax Act (Canada) at a price of $0.30 per flow-through share for total gross proceeds to UEX of $3,300,000. The private placement was oversubscribed and the Agents elected to exercise an overallotment option. The Agents received a cash commission on the sale of the flow-through shares equal to 5% of the gross proceeds raised. Cameco Corporation ("Cameco") has not yet formally advised the Company whether it intends to waive its pre-emptive right to participate in the Offering. Cameco has a pre-emptive right under the provisions of the agreement dated October 23, 2001 among UEX, Cameco and Pioneer Metals Corporation to purchase shares from UEX on the same terms and conditions as the Offering so as to maintain its current ownership interest in UEX. If Cameco does not participate in the offering, Cameco's ownership interest will decrease from approximately 21.28% to approximately 20.33%. UEX intends to use the proceeds of the Offering to fund exploration of the Company's uranium properties. The securities issued by UEX in connection with the Offering are subject to a four month plus one day "hold period" as prescribed by the Toronto Stock Exchange and applicable securities laws. On behalf of the Board of Directors of UEX Roger Lemaitre, President & CEO UEX Corporation Roger Lemaitre President & CEO 306-713-1401 www.uex-corporation.com