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Corpus Christi, Texas, March 2, 2022 (GLOBE NEWSWIRE) — enCore Energy Corp. (“EnCore” or “Company”) (TSXV: EU) today announced an agreement with Clarus due to strong demand. The securities company (“Claras”) is PI Financial Corp. And on behalf of underwriters’ syndicates, including Red Cloud Securities Inc. (collectively, “Insurance Underwriters”), we will scale up previously announced “purchase” products. Of our capital of 9,804,000 units (“units”), each unit is priced at $ 1.53 (“issue price”) with total revenue of $ 15,000,120 (“offer”). Subject to the expanded terms and conditions, the Underwriter has agreed to purchase 16,339,869 units on a “purchase” basis with a total revenue of up to C $ 24,999,999.60 at issue price. In addition, we grant underwriters options. (“Over-allotment options”) You can purchase additional 3,267,973 units and exercise all or part of them for 30 days from the closing date to cover any over-allotments and aim to stabilize the market. The Underwriter shall not be obliged to exercise all or part of the over-allotment option. If the over-allotment option is fully exercised, the total offering income will be $ 29,999,998.30.
We plan to use the net revenue from the offering for general corporate and working capital purposes.
Units are provided as short prospectuses submitted in Canadian states except Quebec, private placements in the United States, and jurisdictions outside Canada and Canada. In the United States, agreed by us and the underwriters, common shares may be issued on a private placement basis and are exempt from prospectuses, registrations or other similar requirements.
The offering is expected to end around March 24, 2022 and is subject to certain conditions, including but not limited to receipt of all necessary approvals, including approval of the TSX Venture Exchange (“Exchange”). increase.
Securities have not been and will not be registered under the Securities Act of 1933 (the Securities Act of 1933) or the State Securities Act of the United States. It may not be offered or sold in the United States. Registration under US securities law and all applicable state securities laws, or non-compliance with applicable exemption requirements. This press release does not constitute an offer to sell or buy an offer in the United States, nor may such securities be sold in jurisdictions where such offer, solicitation, or sale is illegal. There is none.
With an estimated £ 90 million U3O8 in the measured and displayed categories and an estimated £ 9 million U3O8 in the estimated Category 1, enCore is the most diverse field recovery uranium developer in the United States. .. enCore focuses on becoming the next uranium producer from a previously produced South Texas Rossita processing plant licensed by 2023. The South Dakota-based Dewey Birdock Project and Wyoming Gas Hills Project provide medium-term production opportunities with key uranium resources in New Mexico Donations that provide long-term opportunities. The enCore team is headed by industry experts with extensive knowledge and experience in all aspects of ISR uranium operations and the nuclear fuel cycle.
For more information, please visit: www.encoreuranium.com
Forward-Looking Statements Note: The specific information in this news release constitutes a forward-looking statement under applicable securities law. Any statement contained in this news release that is not a statement of historical facts may be considered a forward-looking statement. Forward-looking statements are “may”, “should”, “expect”, “expect”, “potential”, “believe”, “intended”, or these terms. Often identified by negative or similar expressions of. Forward-looking statements in this news release include, but are not limited to, internal expectations, estimated margins, future capacity and cost expectations, and the completion or expansion of capital projects. Forward-looking statements necessarily include known and unknown risks, including but not limited to risks related to general economic conditions. Industry adverse events; Marketing costs; Market loss; Future legislative and regulatory developments. Inability to access sufficient capital from internal and external sources and / or in favorable conditions. Income tax and regulations. The ability of enCore to implement business strategies. Competition; currency and interest rate fluctuations and other risks.
Readers should note that the above list is not exhaustive. Readers should also be careful not to place undue reliance on forward-looking statements. There is no guarantee that any plans, intentions, or expectations will arise in which they will be placed. Such information is considered reasonable by management at the time of creation, but may prove inaccurate and actual results may differ materially from expectations. The forward-looking statements contained in this news release are explicitly modified by this notice.
For more information, please contact:
Sheriff William M.
CBJ News Maker
enCore Energy Corp. Announces Increase in Bought Deal Financing for Canadian Business Journal
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