Ucore Rare Metals Inc. Announces Closing of Offering
13 Maio 2013 - 4:35PM
OTC Markets
For
Immediate Release
Ucore Rare
Metals Inc. Announces Closing of Offering
May 13,
2013 – Halifax, Nova Scotia – Ucore Rare Metals Inc
(TSX-V:UCU)
(the “Company” or “Ucore”) is
pleased to announce that it has completed the equity offering
(the “Offering”) previously announced
on March 15, 2013, in the full amount for gross proceeds of
$5,000,000. The Offering
consisted of 20,000,000 Units priced at $0.25 per unit
(the “Units”). Each Unit sold was
comprised of one common share in the capital of the Company (a
“Common Share”) and one Common Share
purchase warrant (a “Warrant”). Each
Warrant will entitle the holder to purchase one Common Share at a
price of $0.35
per Common Share for a period of 36 months.
The Offering was
conducted on an agency basis by Byron Capital Markets Ltd.,
(“Byron”) as Canadian agent, and Knight
Capital Americas LLC, as United States agent, (collectively, the
“Agents”). Byron has been granted an option,
exercisable
at any time until 30 days following the closing of the Offering, to
sell
additional Units or Warrants up to 15% of the number of Units sold
pursuant to
the Offering at the issue price of the Units, to cover
over-allotments, if any
and for market stabilization purposes.
In consideration for their services in
connection with the Offering, the Agents, selling group members and
finders received
aggregate cash commissions of $269,398.50, and an aggregate total
of 1,077,594 non-transferable
broker warrants (the “Broker Warrants”),
with each Broker Warrant entitling the holder thereof to acquire
one Common
Share at an exercise price of $0.25 for a period of 36 months
following the
completion of the Offering.
The Company plans to use the
net proceeds of the Offering to progress the
development of the Bokan Mountain / Dotson
Ridge property and for general working capital
purposes.
About Ucore Rare Metals
Inc.
The Company is a
development-phase mining company focused on establishing rare metal
resources
with near term production potential. With multiple projects across
North
America, the Company’s primary focus is the 100% owned Bokan
Mountain / Dotson
Ridge REE property in Alaska. The Bokan Mountain / Dotson Ridge REE
property is
located 60 km southwest of Ketchikan, Alaska and 140 km northwest
of Prince
Rupert, British Columbia and has direct ocean access to the western
seaboard
and the Pacific Rim.
For further information,
please contact Mr. Jim McKenzie, President and Chief Executive
Officer of Ucore
Rare Metals Inc. at: (902) 482-5214 or visit
http://www.ucore.com
Neither the TSX Venture Exchange nor is
Regulation Services Provider (as that term is defined in the
policies of the
TSX Venture Exchange) accepts responsibility for the accuracy of
this release.
This press release contains
"forward-looking statements" within the meaning of applicable
Canadian securities legislation. Generally, forward-looking
statements can be
identified by the use of forward- looking terminology.
Forward-looking
statements are subject to known and unknown risks, uncertainties
and other
factors that may cause the actual results, performance or
achievements of the
Company to be materially different from those expressed or implied
by such
forward-looking statements. Although the Company has attempted to
identify
important factors that could cause actual results to differ
materially from
those contained in forward-looking statements, there may be other
factors that
cause results not to be as anticipated, estimated or intended.
There can be no
assurance that such statements will prove to be accurate, as actual
results and
future events could differ materially from those anticipated in
such
statements. Accordingly, readers should not place undue reliance
on
forward-looking statements. The Company does not undertake to
update any
forward-looking statements that are contained herein, except in
accordance with
applicable securities laws. Further information on the Company is
available
under the Company’s profile at www.sedar.com.
The
securities have not been and will not
be registered under the United States Securities Act of 1933, as
amended (the “U.S. Securities
Act”) or the
securities laws of any state of the United States, and may not
be offered or sold, directly or indirectly, in the United States or
to “U.S.
persons”, as such term is defined in Regulation S under the U.S.
Securities Act
(“U.S. Persons”), unless registered
under the U.S. Securities Act and applicable securities laws of any
state of
the United States or in reliance on an exemption from such
registration
requirements. This news release does not constitute an offer to
sell or a solicitation
of an offer to buy any of the Company’s securities set out herein
to, or for
the account or benefit of, persons in the United States or U.S.
Persons.
Ucore Rare Metals (QX) (USOTC:UURAF)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Ucore Rare Metals (QX) (USOTC:UURAF)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024