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Powertech Uranium Corp.

Published : February 13th, 2013

Announces Private Placement

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Keywords :   Uranium |

Powertech Announces Private Placement

 

POWERTECH URANIUM CORP. ("Powertech" or the "Company") (Vancouver, B.C.) is pleased to announce that, subject to regulatory approval, it has arranged a non-brokered private placement financing (the "Financing") of up to 15 million units (each, a "Unit") at a price of $0.10 per Unit for gross proceeds of up to $1.5 million. The Units will be issued to a strategic group of investors. Each Unit consists of one common share of the Company (each, a "Share") and one share purchase warrant (each, a "Warrant"). One Warrant entitles the holder thereof to purchase one additional Share of the Company at a price of $0.20 per Share for a period of three years from closing of the Financing.

The proceeds of Financing will be used for working capital and to continue the permitting process for the Dewey Burdock Project.

Although the private placements will be non-brokered, the Company may pay a finder's fee in accordance with the rules and policies of the TSX. The private placements remain subject to the approval of the TSX. All securities issued pursuant to the private placements will be subject to a four month hold period.

About Powertech Uranium Corp.

Powertech Uranium Corp. is a mineral exploration and development company that, through its Denver-based subsidiary Powertech (USA), Inc., holds the Dewey-Burdock Uranium Deposit in South Dakota, the Centennial Project in Colorado and the Dewey Terrace and Aladdin Projects in Wyoming. The Company's key personnel have in-situ uranium experience throughout the United States and worldwide.


 

Companies Mentionned : Powertech Uranium | Strategic |
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Powertech Uranium Corp.

EXPLORATION STAGE
CODE : PWE.TO
ISIN : CA7393691067
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Powertech Uranium is a uranium development stage company based in Canada.

Its main exploration properties are ALADDIN, DEWEY TERRACE, CENTENNIAL and DEWEY BURDOCK in USA.

Powertech Uranium is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 5.4 millions as of today (US$ 4.7 millions, € 3.8 millions).

Its stock quote reached its highest recent level on March 30, 2007 at CA$ 4.50, and its lowest recent point on December 27, 2013 at CA$ 0.06.

Powertech Uranium has 152 950 000 shares outstanding.

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Annual reports of Powertech Uranium Corp.
Annual Report 2007
Annual Report 2006
Financings of Powertech Uranium Corp.
2/28/2013Announces Closing of Private Placement
2/13/2013Announces Private Placement
11/7/2012Announces Conversion of Debt and Closing of Private Placemen...
10/26/2012Announces Private Placement
7/29/2008POWERTECH SHAREHOLDERS ELECT SYNATOM OFFICERS TO BOARD AND A...
Nominations of Powertech Uranium Corp.
5/10/2011Announces Resignation
2/21/2008Appoints Wallace M. Mays Chief Operating Officer
2/11/2008APPOINTS JOHN MAYS VICE PRESIDENT ENGINEERING
1/23/2008 APPOINTS DR. JAMES MUNRO AS SENIOR PROCESS DESIGN ENGINEER
Project news of Powertech Uranium Corp.
2/28/2014to Merge with Azarga Resources Limited to Create Azarga Ura...
3/21/2013Receives Safety Evaluation Report For The Dewey-Burdock Proj...
10/26/2009(Dewey Burdock)Submits BLM Application Dewey-Burdock Project
8/12/2009(Dewey Burdock)Resubmits Dewey-Burdock NRC License Application
7/8/2009(Centennial)Options additional property at centennial
6/23/2009(Dewey Burdock)Significant Increases In Inferred Uranium Resources At Dewey...
6/17/2009(Dewey Burdock)To amend Dewey-Burdock NRC license application
2/26/2009(Dewey Burdock) Submits Nrc License Application, Achieves Key Milestones At...
1/15/2009(Dewey Burdock)SUBMITS UIC PERMIT APPLICATION AT DEWEY-BURDOCK
1/13/2009(Dewey Burdock)ACQUIRES ADDITIONAL LAND AT DEWEY-BURDOCK
8/6/2008(Dewey Burdock)DEWEY-BURDOCK PROJECT MINE PERMIT APPLICATION STATUS
2/27/2008(Dewey Burdock)COMPLETES 10 HOLE CORING PROGRAM AT DEWEY-BURDOCK PROJECT
1/31/2008(Dewey Burdock) Dewey Burdock Drilling Update
Corporate news of Powertech Uranium Corp.
2/14/2014South Dakota Legislative Committee Defeats Anti-Powertech Bi...
10/21/2013Board Approves Premium Financing Facility With Azarga Resour...
4/4/2013NRC Revises Schedule for Final Suplemental Enviromental Impa...
3/21/2013News Release
1/7/2013Receives Second Draft Uranium Recovery License From NRC
1/7/2013News Release
11/20/2012Receives Draft Supplemental Environmental Impact Statement f...
6/25/2012(Aladdin)Completes NI 43-101 Report on the Aladdin Project
5/16/2012Announces Results From Annual General Meeting
4/19/2012Revised PEA Shows NPV of US $109 Million and IRR of 48% for ...
5/9/2011Powerttech News Release
2/9/2011Announces Filing of Preliminary Prospectus
2/9/2011Poweretech News Release
4/1/2010Announces Drawdown of Third Tranche of $13.8 Million Loan Fa...
12/2/2009Announces Drawdown of Second Tranche of $13.8 Million Loan F...
10/15/2009 Enters into $13,8 Million loan facility with Synatom
8/4/2009Synatom Agrees To Make Additional Strategic Investment In Po...
7/23/2009Retains Axemen Resource Capital Ltd.
2/12/2009CLOSES SECOND STRATEGIC INVESTMENT BY SYNATOM
2/5/2009SHAREHOLDERS APPROVE SYNATOM DEBENTURE
12/22/2008SYNATOM AGREES TO MAKE ADDITIONAL STRATEGIC INVESTMENT IN PO...
12/12/2008ACQUIRES ADDITIONAL LANDS IN SOUTH DAKOTA AND WYOMING
12/2/2008CORPORATE UPDATE
6/5/2008Closes Strategic Investment By Synatom
6/4/2008SYNATOM MAKES STRATEGIC INVESTMENT IN POWERTECH
1/14/2008ANNOUNCES CHANGES TO BOARD OF DIRECTORS
1/11/2008EXPANDS MANAGEMENT TEAM - OPENS NEW OFFICES IN GREENWOOD VIL...
1/9/2008ALADDIN PROJECT- DRILLING UPDATE
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