Seeking Alpha

Uranium Energy in $7M financing for Burke Hollow project

  • Uranium Energy (UEC -5.9%) announces agreements with three institutional investors to purchase up to a total 3.38M units of the company at $2.10 each.
  • UEC says net proceeds from the offering will be used to fund exploration and pre-extraction expenditures at its south Texas projects including the Burke Hollow Project and for general corporate and working capital purposes.
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