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Ur-Energy ( NYSE: URG ) (TSX:URE) on Wednesday announced that it intends to offer and sell its common shares and warrants to purchase its common shares in an underwritten public offering.
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Ur-Energy expects to grant the underwriters a 30-day option to purchase additional common shares and/or warrants, equal to up to 15% of the number of securities sold in the offering.
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Cantor Fitzgerald is acting as the sole book-running manager for the offering.
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Other pricing and offering terms were not disclosed.
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U.S.-listed shares - 15.3% at $1.11 after hours.
For further details see:
Ur-Energy shares tumble on plans for stock and warrants offering