URZ3 Energy Corp Initiates Private Placement Financing
26 September 2024 - 9:00PM
URZ3 Energy Corp. (“URZ” or the “Company”) (TSX-V: URZ; OTCQB:
NVDEF) announces a non-brokered private placement offering of up to
6,000,000 units (the “Units”) at a price of $0.11 CAD per Unit (the
“Offering”), for total gross proceeds of up to C$660,000.
Each Unit will consist of one common share in
the capital of the Company (a “Common Share”) and one Common Share
purchase warrant (a “Warrant”), with each Warrant entitling the
holder thereof to acquire an additional Common Share at an exercise
price of C$0.20 per Common Share for 36 months after the date of
issuance (the “Closing Date”). If after four months plus one day
from the Closing Date the closing price (or closing bid price on
days when there are no trades) of URZ’s common shares is greater
than C$0.40 per share for 10 consecutive trading days or more, URZ
may accelerate the expiry date of the Warrants to the 30th day
after the date on which URZ gives notice to the Warrant holders of
such acceleration, with such notice being the issuance of a news
release by the Company announcing the acceleration of the expiry
date.
Proceeds from the Offering will be used for
general working capital purposes.
The Offering is subject to receipt of all
necessary regulatory and TSX Venture Exchange approvals. The
securities issued at closing of the Offering will be subject to a
four month plus one day hold period from the date of issue, as well
as to any other re-sale restrictions imposed by applicable
securities regulatory authorities. Subject to approval by the TSX
Venture Exchange and applicable securities legislation, URZ may pay
finder’s fees with respect to certain subscriptions from arm’s
length subscribers in accordance with the TSX Venture Exchange
Policies.
Mark Kolebaba, President and CEOTelephone:
(604) 307-6450Email: info@URZ3.comWebsite: www.URZ3.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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