Uranium American Resources signs agreement for $3.5 million capital raise

• Uranium American Resources (OTCPK:TNGL) announced on Tuesday that it has entered into a binding agreement with one US institutional investor to raise $3.5 million of capital to complete the purchase of issued shares of JAG Minerals, which holds 100% of the shares in JAG Minerals US.
• The company said $3.5 million of common stock are priced at $0.06/share and one warrant that will allow the holder to purchase additional shares at $0.10/share for 48 months.
• Closing and funding to occur shortly, it added.
• Source: Press Release

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