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

To: Goose94 who wrote (13801)	8/31/2016 8:04:46 AM
From: Goose94	Read Replies (2) \| Respond to of 202710

Azarga Uranium (AZZ-V) Aug 31, '16 announces that it intends to issue 8,333,334 units (each, a "Unit") at a price of $0.24 per Unit to raise proceeds of $2.0 million through a non-brokered private placement ("the Financing").The Company intends to use the proceeds of the Financing for continuation of the permitting process at the Dewey Burdock Uranium Project, the Company's initial development priority, mineral and surface right payments for the Company's projects and general working capital purposes. Sophisticated international investors have committed in excess of $1.0 million to the Financing. In addition, directors, management and an insider of Azarga Uranium have committed to subscribe for more than $0.5 million. Each Unit consists of one common share of the Company (each, a "Share") and one-half of one Share purchase warrant (each whole warrant, a "Warrant"). One Warrant entitles the holder thereof to purchase one Share of the Company at a price of $0.35 per Share for a period of three years from the closing of the Financing. The Shares issued in connection with the Financing will be subject to a four-month hold period. In addition, the Financing is subject to the approval of the Toronto Stock Exchange. Finder's fees may be payable on a portion of the Financing. About Azarga Uranium Corp. Azarga Uranium is a mineral development company that controls six uranium projects, deposits and prospects in the United States of America (South Dakota, Wyoming and Colorado) and the Kyrgyz Republic. The Dewey Burdock Project in South Dakota (the "Project"), which is the Company's initial development priority, has received its Nuclear Regulatory Commission License and the Company is in the process of completing all other major regulatory permit approvals necessary for operation of the Project, including those from the Environmental Protection Agency and the South Dakota Department of Natural Resources. For more information please visit www.azargauranium.com. Azarga Uranium Corp. Blake Steele President and CFO +1 303 790-7528 info@azargauranium.com www.azargauranium.com