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U3O8 Corp.

Published : February 10th, 2012

Closes Bought Deal Private Placement to Raise $11,523,000

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U3O8 Corp. Closes Bought Deal Private Placement to Raise $11,523,000

U3O8 Corp. (TSX Venture: UWE) ("U3O8 Corp.") announces today that it has closed its previously announced bought deal offering to raise aggregate gross proceeds of $11,523,000 (the "Offering"). Dundee Securities Ltd. ("Dundee") acted as lead underwriter in connection with the Offering, on behalf of a syndicate of underwriters which also included Clarus Securities Inc., PowerOne Capital Markets Limited and National Bank Financial Inc. (collectively with Dundee, the "Underwriters").


Pursuant to the Offering, U3O8 Corp. issued an aggregate of 19,205,000 units ("Units") at $0.60 per Unit, including an aggregate of 2,505,000 Units issued upon full exercise of the over-allotment option granted to the Underwriters (the "Option"). Each Unit consisted of one common share of U3O8 Corp. ("Share") and one-half of one common share purchase warrant ("Warrant"). Each whole Warrant entitles the holder thereof to acquire one Share of U3O8 Corp. for a period of 24 months at an exercise price of $0.80 per Share.

In connection with the Offering, the Underwriters received (i) a cash commission equal to 6.0% of the gross proceeds raised under the Offering (inclusive of the Option), other than with respect to gross proceeds derived from certain subscriptions by insiders of U3O8 Corp.; (ii) a work fee of $85,000; and (iii) an aggregate of 1,104,096 non-transferable broker warrants, each of which is exercisable into one Unit for a period of 24 months at an exercise price of $0.60 per Unit.


The net proceeds of the Offering will be used to advance the exploration and development of U3O8 Corp's projects in Colombia, Argentina and Guyana, and for general corporate purposes. All securities issued in connection with the Offering are subject to a statutory hold period expiring on June 10, 2012. Insiders of U3O8 Corp. and their affiliates purchased an aggregate of 3,203,600 Units or approximately 17% of the Offering.


As a result of the Offering, U3O8 Corp. has 122,099,158 Shares outstanding and 165,694,306 Shares on a fully diluted basis. The Offering remains subject to the final approval of the TSX Venture Exchange.



About U3O8 Corp.


U3O8 Corp. is a Toronto-based exploration company focused on exploration and resource expansion of uranium and associated commodities in South America - a promising new frontier for exploration and development. U3O8 Corp. has one of the most advanced portfolios of uranium projects in the region comprising NI 43-101 compliant resources in Guyana, Argentina and Colombia. Additional information on U3O8 Corp. is available on the Company's web site at or on SEDAR at


Data and Statistics for these countries : Argentina | Colombia | All
Gold and Silver Prices for these countries : Argentina | Colombia | All

U3O8 Corp.

ISIN : CA9034151071
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U3O8 is an exploration uranium company based in Canada.

Its main exploration properties are BERLIN in Colombia, LAGUNA SALADA in Argentina and ARICHENG NORTH, ARICHENG SOUTH and KURUPUNG BATHOLITH in Guyana.

U3O8 is listed in Canada and in United States of America. Its market capitalisation is CA$ 47.8 millions as of today (US$ 46.2 millions, € 35.6 millions).

Its stock quote reached its highest recent level on January 26, 2007 at CA$ 5.85, and its lowest recent point on April 26, 2013 at CA$ 0.13.

U3O8 has 281 134 770 shares outstanding.

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Financings of U3O8 Corp.
4/15/2013closes first tranche of private placement
3/13/2013announces $1.0 million private placement
12/28/2012Closes First Tranche of Private Placement
12/28/2012Closes First Tranche of Private Placement
12/14/2012announces $1.5 million private placement
2/10/2012Closes Bought Deal Private Placement to Raise $11,523,000
1/19/2012Announces $10 Million Bought Private Placement
2/15/2011U3O8 Corp. completes C$20.5 million private placement
1/28/2011U3O8 Corp. announces approximately C$15 million private plac...
1/28/2011U3O8 Corp. announces approximately C$2.8 million increase in...
9/29/2010U3O8 Corp. Increases Private Placement
Nominations of U3O8 Corp.
6/4/2010U3O8 Corp. appoints John Ross as Chief Financial Officer
Project news of U3O8 Corp.
11/12/2013(Laguna Salada)makes a new uranium-vanadium discovery in the Laguna Salada ...
9/26/2013(Laguna Salada)Continuous surface mining scenario to be contemplated in eco...
8/27/2013(Laguna Salada)& Chubut Provincial Government in advanced negotiations to p...
5/14/2013completes acquisition of Calypso Uranium Corp.
3/11/2013consolidates position as South America's leading uranium exp...
2/19/2013Corp's value based on its Colombia deposit only & compared w...
2/14/2013(Berlin)files PEA showing that its Berlin Project in Colombia could ...
12/13/2012(Berlin)Confirms Positive Economics on Its Berlin Deposit in Colombi...
11/1/2012(Berlin)defines the full extraction process for its Berlin deposit i...
10/17/2012(Berlin)Further Optimizes Metallurgical Process on the Berlin Projec...
6/7/2012(Berlin)advancing drill program that aims to show the large size pot...
4/3/2012expands its strategic land position adjacent to Argentina's ...
3/26/2012and Minexco Minerals Corp. enter into agreements for gold ex...
12/6/2011signs letter of intent to joint venture its non-core Sierra ...
5/26/2011(Berlin)U3O8 Corp's drilling confirms consistent uranium, vanadium, ...
3/2/2011(Laguna Salada)U3O8 Corp. reports positive metallurgical test results from ...
2/24/2011(Berlin)Corp's Drilling Confirms Consistent Uranium, Vanadium, Phosp...
1/24/2011U3O8 Corp. outlines 2011 exploration program aimed at rapidl...
1/20/2011(Kurupung Batholith)U3O8 Corp. confirms that uranium mineralization extends 900m...
12/8/2010(Berlin)Reports 9.2m at 0.13% U3O8, 0.63% V2O5, 9.69% P2O5 Plus Rare...
12/8/2010(Berlin)Reports 9.2m at 0.13% U3O8, 0.63% V2O5, 9.69% P2O5 Plus Rare...
11/25/2010(Kurupung Batholith)Intersects 30.7 Metres at 0.06% (1.2 Pounds Per Short Ton) U...
10/27/2010(Laguna Salada)Extends Near-Surface Uranium Mineralization Over a 28km2 Are...
10/27/2010(Laguna Salada)Extends Near-Surface Uranium Mineralization Over a 28km2 Are...
6/3/2010(Laguna Salada)advances towards NI 43-101 resource estimation on the Laguna...
5/20/2010(Aricheng North) intersects 2.9 metres at 0.228% (4.6 pounds per short ton) ...
1/22/2009(Aricheng North)announces initial uranium resource estimate for the Aricheng...
8/21/2008(Permit A)cuts 25 metres grading 0.099% U3O8 (2.0 lbs per short ton) a...
Corporate news of U3O8 Corp.
2/14/2014announces $1 million private placementCc:
1/9/2014(LAN:TSX-V) Lakeland, Declan sample up to 4.28% U3O8 at Gibb...
12/4/2013(Laguna Salada)discovers potentially large area of shallow uranium-vanadium...
6/27/2013shareholders approved all matters at annual & special meetin...
5/16/2013advancing strategy for near-term development to meet Argenti...
5/13/2013adopts advance notice by-law
5/8/2013Corp's Acquisition of Calypso Uranium Corp. Receives Shareho...
4/29/2013Why U3O8 Corp. is bullish on Argentina for nuclear
4/24/2013Anthem Intersects 2.3 metres grading 0.45% U3O8 on Hatchet L...
3/25/2013Alpha Minerals Reports 34m of 4.92% U3O8=2C Including 12.5m ...
3/4/2013Joint Ventures Argentinean Uranium Property to Avocet Resour...
1/11/2013Completes $3.16 Million Private Placement
12/20/2012Increases its Private Placement to Approximately $3 Million
11/13/2012Key market events suggest uranium prices should rise in the ...
10/22/2012New Kianna East Basement Zone at Shea Creek Yields Further R...
9/24/2012Uranium Outlook and U3O8 Corp. on King World News
9/20/2012(Berlin)Corp's Exploration Drilling Extends Mineralization a Minimum...
8/27/2012graduates to the TSX
7/12/2012files NI 43-101 report on the Kurupung uranium project, Guya...
6/27/2012Shareholders Approved All Matters at Annual & Special Meetin...
6/21/2012files patent application for metallurgical process that effi...
6/6/2012Zone 3 Grows Kvanefjeld Project Resource Inventory to 575 Ml...
5/23/2012increases NI 43-101 uranium resources by 125% in the Kurupun...
5/8/2012commences trading on the OTCQX International in the U.S.
3/5/2012(Berlin)files NI 43-101 technical report on the uranium, phosphate &...
3/1/2012Corp?s resource drilling returned 18m at 0.11% U
2/23/2012Corp?s resource drilling intersects 13m at 0.11%
1/18/2012(Berlin)confirms significant NI 43-101 compliant uranium, phosphate ...
1/12/2012reports excellent metallurgical recoveries of 97% for uraniu...
10/15/2010U3O8 Corp. completes $7.2 million private placement
9/22/2010U3O8 Corp. announces $5.0 million private placement
8/26/2010confirms continuity of uranium, vanadium & phosphate mineral...
11/18/2009Cuts 8.7 metres at 0.106% (2.1 pounds per short ton) U3O8 at...
1/28/2010Extends the Aricheng West uranium zone another 150 metres
11/27/2009Granted extensions on its uranium exploration areas in Guyan...
1/12/2010Identifies key pathfinder elements in its uranium exploratio...
11/26/2009Cuts 2.3 metres at 0.551% (11 pounds per short ton) U3O8 at ...
10/23/2009To early adopt International Financial Reporting Standards i...
10/8/2009BHP Biliton's Olympic Dam Malfunction Could Affect U3O8 Pric...
8/5/2009plans a 6,000 metre drill program to test the potential size...
7/1/2009Shareholders Approved All Matters at Annual & Special Meetin...
5/20/2009U3O8 Corp. cuts 8 metres of 0.119% (2.4 pounds per short ton...
1/13/2009U3O8 Corp. cuts 9.4 metres at 0.132% (2.64 pounds per short ...
12/23/2008U3O8 Corp. cuts 5.9 metres grading 0.13% (2.5 pounds per sho...
12/11/2008granted access to previously drilled core in the Roraima Bas...
11/18/2008Search continues for missing crew and plane conducting geoph...
11/7/2008Drilling Encounters 3.0m Width With its Highest Intersection...
9/24/2008cuts 5.6 metres grading 1.01% (20.3 pounds per short ton) U3...
9/9/2008receives one-year extension on its Reconnaissance Permits fo...
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