HomeEnergyGoviEx completes $8 million private placement

GoviEx completes $8 million private placement

GoviEx Uranium has completed a non-brokered private placement with the issue of 32,000,000 units at a price of C$0.25 per Unit for gross proceeds of C$8,000,000.

Each unit consists of one (1) Class A common share in the capital of the Company and one (1) transferable share purchase warrant. Each Warrant will entitle the holder to acquire on exercise one (1) Common Share until January 21, 2023, at a price of US$0.30 per Warrant Share, subject to applicable adjustments.

Read more articles about uranium

All securities issued under the Private Placement are subject to a four-month hold period and may not be traded before May 22, 2021.

The net proceeds from the Private Placement will be used to fund continued exploration and development activities on the Company’s assets, working capital and for general corporate purposes.