Uranium Royalty declines after bought deal financing

Uranium Royalty

10/10/2023 13:49

** U.S.-listed shares of Uranium Royalty  URC.TO   UROY.O 
down 9% pre-market at $2.85 
    ** UROY says underwriters to purchase 10.2 mln common shares
of the company on a bought deal basis at $2.94/shr, for gross
proceeds of about $30 mln
    ** Offering price represent a discount of 6.1% to UROY's
Monday's close, according to Reuters calculation
    ** UROY intends to use proceeds of the offering primarily to
fund future purchases of physical uranium, implement growth
strategy through future acquisitions of royalties, streams,
physical uranium and similar interests
    ** UROY up 32.1% YTD

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94
 ;))