Uranium Resources raises more cash from Aspire Capital
PERTH (miningweekly.com) – ASX-listed Uranium Resources has raised another A$1.25-million through a share placement to Aspire Capital to fund general corporate costs.
Uranium Resources on Wednesday said that it had placed 375 000 common shares, at a price of A$2.17 each, and 200 000 pre-funded common stock purchase warrants, at a price of A$2.16 each, to Aspire Capital.
The latest share placement followed February transactions under which Uranium Resources secured up to A$10.8-million in additional funding from Aspire Capital through an initial share placement of 3.5-million shares, and a separate option agreement allowing Aspire to subscribe for up to A$10-million in Uranium Resources shares.
“Despite continued difficult market conditions in commodity and capital markets, we have been able to raise additional equity capital to secure Uranium Resources’ future,” said CEO and president Christopher Jones.
“We remain committed as a management team to strengthening the company’s financial position so that the company can deliver on its business objectives in 2016, and advance the Temrezli project towards a development decision and subsequent construction in the first half of 2017.”
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