![]() The Company expects to use the net proceeds from the Offering to maintain and advance the Company's material properties, acquire properties, plant upgrades, drilling, maintenance and refurbishment, community outreach and communications, licensing and permitting and for general corporate and working capital purposes in the manner as set forth in the preliminary short form prospectus. ![]() In addition, the Company has granted the Underwriters an option to purchase up to an additional 1,384,650 Units on the same terms and conditions exercisable at any time, in whole or in part, until 30 days following the Closing Date, for market stabilization purposes and to cover over-allotments, if any. Each Warrant will entitle the holder thereof to purchase one common share of the Company (a "Warrant Share") for a period of 36 months following the Closing Date (as defined herein) of the Offering at an exercise price of C$4.05 per Warrant Share, subject to adjustment in certain events. (" enCore" or the " Company") (NYSE American: EU) (TSXV: EU) in connection with its previously announced overnight marketed offering (the "Offering") today announced that it has entered into an underwriting agreement with Canaccord Genuity as lead underwriter, together with a syndicate of underwriters (the "Underwriters") for the sale of 9,231,000 units of the Company (the "Units") at a price of C$3.25 per Unit for total gross proceeds to the Company of approximately C$30 million.Įach Unit will consist of one common share in the capital of the Company (each a "Unit Share") and one-half of one common share purchase warrant (a "Warrant").
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