Uranerz Energy Corporation (TSX:URZ,NYSE:URZ,FWB:U9E) entered into an underwriting agreement with a syndicate of underwriters led by Haywood Securities Inc. and including Cantor Fitzgerald Canada Corporation, Dundee Securities Ltd., Laurentian Bank Securities Inc. and Global Hunter Securities LLC (collectively the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, severally and not jointly, on a bought deal basis, 8,550,000 units of the Company, at a price of $1.17 per unit, for gross proceeds of approximately $10,000,000.
As quoted in the press release:
Each Unit will be comprised of one share of the Company’s common stock, $0.001 par value per share (“Common Share”), and one half of one common share purchase warrant, with each whole warrant (“Warrant”) exercisable to purchase one additional share of the Company’s common stock for a period of 30 months following the closing of the offering at an exercise price of US$1.60, subject to adjustment and acceleration provisions. Global Hunter Securities LLC will only be offering the Units in the United States. All offers and sales of Units in the United States will be made by U.S. registered broker-dealers. Closing is anticipated to take place on September 6, 2013, subject to satisfaction of the conditions to closing set forth in the Underwriting Agreement, including receipt of approval of the NYSE MKT and the Toronto Stock Exchange. The Warrants will not be listed on any exchange.