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

Ur-Energy completes US$6.46 million bought deal financing

Reading Time 1 minute read Subscribe

Ur-Energy Inc.

On February 17, 2016, Ur-Energy Inc. (Ur-Energy) announced the completion of a bought deal financing with a syndicate of investment dealers led by Cantor Fitzgerald Canada Corporation and including Raymond James Ltd. and Dundee Securities Ltd. (the Underwriters), where the Underwriters purchased, on a bought-deal basis, 12,921,000 common shares of Ur-Energy for aggregate gross proceeds of US$6.46 million. This included 921,000 common shares acquired pursuant to the partial exercise of the Underwriters' over-allotment option. Ur-Energy plans to use proceeds to advance operations and development of its Lost Creek Project, a recovery uranium facility in south-central Wyoming, as well as for payment of ongoing debt service obligations and for general corporate purposes. Fasken Martineau advised Ur-Energy with a team that included Virginia Schweitzer, Robert Chapman, Julia Kennedy and Andrea Kruyne.


    Receive email updates from our team