Skip to main content
This website uses cookies. By continuing to use this website you are agreeing to our use of cookies as described in our privacy policy.
Client Work

Ucore Rare Metals completes US$10 million private placement

Fasken
Reading Time 1 minute read Subscribe
Client

Bryton Capital Corporation

On December 9, 2010, Ucore Rare Metals Inc. (TSX VENTURE:UCU)(OTCQX:UURAF) announced that it had closed its previously announced brokered private placement of 25,000,000 units at $0.40 per unit for gross proceeds of $10,000,000. Each unit consists of one common share and one half of one common share purchase warrant. Each whole warrant gives the holder the right to purchase one common share at a price of $0.55 for a period of 24 months from the Closing Date. The offering was led by Byron Securities Limited with Pope & Company acting as syndicate agent. Ucore Rare Metals Inc. is a junior exploration company focused on establishing REE and uranium resources through exploration and property acquisition. Byron Securities was advised in this transaction by Fasken Martineau with a team that included Rubin Rapuch, Brad Freelan and Francesco Tallarico.

    Subscribe

    Receive email updates from our team

    Subscribe