Uranium Energy Corp Announces Pricing
of Private Placement Offering
AUSTIN, TX – November 29, 2007 – Uranium Energy Corp
reports that it has determined, in consultation with its agents, to price its
best efforts private placement offering at a subscription price of $3.75 per
unit (each a “Unit”), with each Unit being comprised of one
common share (each a “Unit Share”) and one transferable common
stock purchase warrant (each a “Warrant”) of the Company. Each
Warrant will be exercisable for one additional common share of the Company
(each a “Warrant Share”) at an exercise price of $4.25 per
Warrant Share for a period of one year from closing. The offering of up
to 1,866,667 Units is expected to result in gross proceeds of up to $7.0
million and will close on or around December 12th. The offering is
subject to receipt of all necessary regulatory and stock exchange approvals.
The Unit Shares, Warrants and Warrant Shares have not been registered
under the United States Securities Act
of 1933, as amended, and may not be offered or sold in the United
States absent registration or an applicable exemption from the registration
requirements.
The net proceeds of the offering will still be used to advance the
Company’s Goliad project, for other exploration and development
activities, for land and project acquisitions and for general corporate
purposes.
About Uranium Energy Corp
Uranium Energy Corp (AMEX: UEC) is a US-based junior resource company
with the objective of becoming a near-term ISR uranium producer in the United
States. The Company controls one of the largest historical uranium
exploration and development databases in the US. Through the use of
these databases, the Company has acquired advanced uranium properties
throughout the southwestern US. The operational management is comprised
of pre-eminent uranium mining and exploration professionals, whose collective
experience in the uranium mining industry gives the Company ongoing uranium
mine-finding and uranium mine development expertise.
Contact
North America: Investor Relations, Uranium Energy Corp
Toll Free: (866) 748-1030
Phone: (604) 682-9775
Fax: (604) 682-3591
E-mail: info@uraniumenergy.com
Stock
Exchange Information:
American Stock Exchange Symbol: UEC
Frankfurt Stock Exchange Symbol: U6Z
Berlin Stock Exchange Symbol: U6Z
WKN: A�JDRR
ISN: US9168961038
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Safe Harbor Statement
This news release contains forward-looking statements within the
meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of
the United States Securities and
Exchange Act of 1934, as amended. Statements in this news
release, which are not purely historical, are forward-looking statements and
include any statements regarding beliefs, plans, expectations or intentions
regarding the future. These statements involve risks and uncertainties
which could cause actual results to differ materially from those in the
forward-looking statements contained herein. Such risks and
uncertainties may include, but are not limited to, the impact of competitive
products, the ability to meet customer demand, the ability to manage growth,
acquisitions of technology, equipment or human resources, the effect of
economic and business conditions, the ability to attract and retain skilled
personnel and factors outside the control of the Company. These
forward-looking statements are made as of the date of this news release, and
the Company assumes no obligation to update the forward-looking statements or
to update the reasons why actual results could differ from those projected in
the forward-looking statements. Although the Company believes that the
beliefs, plans, expectations and intentions contained in this news release
are reasonable, there can be no assurance those beliefs, plans, expectations
or intentions will prove to be accurate. Investors should consider all
of the information set forth herein and should also refer to the risk factors
disclosed in the Company’s periodic reports filed from time-to-time
with the United States Securities and Exchange Commission. This news
release shall not constitute an offer to sell or the solicitation of an offer
to buy nor shall there be any sale of these securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such jurisdiction.
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