Ur-Energy Raises $5.18 Million Private Placement Financing

Ur-Energy Inc. (TSX:URE,NYSEMKT:URG) has entered into definitive agreements with a number of new and existing accredited investors in connection with a private placement, or PIPE, financing. The company expects to use the proceeds of the financing to partially satisfy payments due in connection with the consummation its previously announced acquisition of Pathfinder Mines Corporation.

According to the company’s press release:

Upon closing of the PIPE financing, Ur-Energy will receive gross proceeds of approximately $5.18 million resulting from the sale and issuance of approximately 4,709,089 units at a purchase price of US$1.10 per unit.  Each unit consists of one common share and one-half of a warrant to purchase one common share at an exercise price of US$1.35 per share.  The warrants are exercisable for three years.

Click here to view the full press release.