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Uranium Participation Corporation Completes $23 Million Bought Deal Financing

Published: 05/31/2018

Team: Chad Accursi, James Lyle, Christopher B. Norton

On May 31, 2018, Uranium Participation Corporation completed a bought deal equity offering of 5,612,000 common shares at a price of $4.10 per share, which included the full exercise of the over-allotment option granted to the underwriters, for gross proceeds of $23 million.

The offering was underwritten by a syndicate of underwriters co-led by Cormark Securities Inc. and Cantor Fitzgerald Canada Corporation, as co-bookrunners, and included TD Securities Inc. and BMO Nesbitt Burns Inc.

The proceeds of the offering will be used by UPC to fund future purchases of uranium oxide in concentrates and/or uranium hexafluoride and for general corporate purposes.

Cassels Brock acted from UPC with a deal team that included Chad Accursi and James Lyle (Securities) and Christopher Norton (Tax).