and working capital in the manner defined in the short preliminary prospectus. The Company expects to use the net proceeds from the Offering to maintain and improve the Company’s material properties, to purchase property, plant improvements, drilling, maintenance and renovation, community outreach and communications, licensing and permitting and for general corporate purposes. In addition, the Company has granted the Underwriters an option to purchase up to an additional 15% of the Offer Units on the same terms and conditions exercisable at any time, in whole or in part, up to 30 days after the closing of the Offer, for the purposes of stabilization of the market and to cover over-splits, if any. The closing of the Offer will be subject to market and other customary conditions, including the approvals of the TSX Venture Exchange and NYSE American. The final size and price of the Offer, as well as the conditions of the Guarantees, will be determined in the market context at the time of the conclusion of a final underwriting agreement between the Company and the Underwriters. Each warrant will entitle its holder to purchase one common share of the Company (a “Warrant Share”). The Offering will be through a syndicate of underwriters led by Canaccord Genuity (collectively, the “Underwriters”).Įach Unit shall consist of one common share in the capital of the Company (each a “Unit Share”) and one half of a common share purchase warrant (each a “Warrant”). (“ enCore” or “ company“) (NYSE: EU) (TSXV: BE) today announced that it has filed a short preliminary prospectus in connection with an overnight traded offering (the “Offering”) of units (the “Units”) of the Company. CORPUS CHRISTI, Texas, Janu/PRNewswire/ – EnCore Energy Corp.
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