3/11/2023 0 Comments Encore energy services![]() The South Dakota-based Dewey Burdock project and the Wyoming Gas Hills project offer mid-term production opportunities with significant New Mexico uranium resource endowments providing long term opportunities. enCore is focused on becoming the next uranium producer from its licensed and past-producing South Texas Rosita Processing Plant by 2023. With approximately 90 million pounds of U3O8 estimated in the measured and indicated categories and 9 million pounds of U3O8 estimated in the inferred category 1 enCore is the most diversified in-situ recovery uranium development company in the United States. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. state securities laws, and may not be offered or sold in the United States without registration under the U.S. The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. This advertisement has not loaded yet, but your article continues below. The Offering is expected to close on or about Maand is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the “Exchange”). ![]() The Units will be offered by way of a short form prospectus to be filed in each of the provinces of Canada, other than the Province of Quebec, by way of a private placement in the United States, and in those jurisdictions outside of Canada and the United States which are agreed to by the Company and the Underwriters, where the Common Shares can be issued on a private placement basis, exempt from any prospectus, registration or other similar requirements. The Company intends to use the net proceeds from the Offering for general corporate and working capital purposes. The next issue of Financial Post Top Stories will soon be in your inbox. If you don't see it, please check your junk folder. The aggregate gross proceeds of the Offering if the Over-allotment Option is exercised in full shall be $17,250,138.Ī welcome email is on its way. The Underwriters shall be under no obligation whatsoever to exercise the Over-allotment Option in whole or in part. In addition, the Company will also grant the Underwriter an option (the “ Over-allotment Option”) to purchase an additional 1,470,600 Units, exercisable in whole or in part, for a period of 30 days from and including the Closing Date to cover over-allotments, if any, and for market stabilization purposes. Each Full Warrant will entitle the holder thereof to purchase one Common Share (a “ Warrant Share”) at a price of $2.00 for a period of 24 months following the Closing Date. ![]() Each Unit will be comprised of one Common Share (each a “Common Share”) and one half of one Common Share purchase warrant (each whole Common Share purchase warrant, a “ Warrant”). (“enCore” or the “Company”) (TSXV: EU) is pleased to announce that it has entered into an agreement with Clarus Securities Inc., on behalf of a syndicate of underwriters (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a “bought deal” basis, 9,804,000 units (the “ Units”) in the capital of the Company, at a price of $1.53 per unit (the “Issue Price”) for aggregate gross proceeds of $15,000,120 (the “Offering”). CORPUS CRISTI, Texas, Ma(GLOBE NEWSWIRE) - enCore Energy Corp.
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