This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. These short-term opportunities are augmented by our strong long term commitment to working with local indigenous communities in New Mexico where the company holds significant uranium resources. enCore Energy's opportunities are created from the Company's transformational acquisition of its two South Texas production facilities, the changing global uranium supply/demand outlook and opportunities for industry consolidation. The Company is led by a team of industry experts with extensive knowledge and experience in the development and operations of in situ recovery uranium operations.
domestic uranium developer focused on becoming a leading in-situ recovery (ISR) uranium producer. This release does not constitute an offer for sale of securities in the United States.Ībout enCore Energy Corp.
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registration or an applicable exemption from the U.S. The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. The Units to be issued under this Offering may also be offered offshore, including in the United Kingdom pursuant to applicable exemptions and in the United States on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended. The securities to be issued under this Offering will be offered by way of private placement exemptions in all the provinces of Canada. The Offering is scheduled to close on or about March 2, 2021, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals of the TSX Venture Exchange. The proceeds raised from the Offering will be used by the Company for the refurbishment of the Rosita Plant to operational status and for general corporate purposes. Each Warrant shall entitle the holder to purchase one Common Share at an exercise price of $1.30 for 36 months following the completion of the Offering. Each Unit is comprised of one common share in the capital of the Company (“Common Share”) and one half of one Common Share purchase warrant (each whole warrant a “Warrant”). (the “Co-Lead Agents”), along with PowerOne Capital Markets Limited (together with the Co-Lead Agents, each an “Agent”), have agreed to increase the size of the previously announced offering to $15,000,000 (the “Offering”) through an Offering of 15,000,000 units of the Company (the “Units”) to be priced at $1.00 per Unit. (TSXV:EU) (“enCore Energy Corp.” or the “Company”) is pleased to announce that, due to strong investor demand in connection with its previously announced marketed private placement, the Company and a syndicate of agents co-lead by Clarus Securities Inc. 16, 2021 (GLOBE NEWSWIRE) - enCore Energy Corp. THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
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