Attached files
| file | filename |
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| 8-K - URANERZ ENERGY CORP. | v204385_8-k.htm |
NYSE
Amex Exchange: URZ
Toronto
Stock Exchange: URZ
Frankfurt
Stock Exchange: U9E
Tel:
(604) 689-1659
Fax:
(604) 689-1722
www.uranerz.com
Uranerz
Enters Into Financing Agreement With Haywood
Casper,
Wyoming, December 1, 2010 -- Uranerz Energy Corporation (“Uranerz” or the
“Company”) (NYSE Amex and TSX: URZ; Frankfurt: U9E) is pleased to
announce that it has entered into a sales agreement with Haywood Securities
(USA) Inc. (“Haywood”), pursuant to which the Company may, from time to time,
offer and sell shares of its common stock having an aggregate offering price of
up to US$20 million through Haywood, acting as agent for any sales made under an
“at-the-market” issuance.
The
Company intends to use the net proceeds from the issuance to continue the
exploration and development of its properties in the central Powder River Basin
area of Wyoming, and for general corporate purposes, including working capital
and other general and administrative purposes. In addition, if the Company
receives the necessary mining licenses and permits for the development of the
Nichols Ranch ISR Uranium Project, then the Company may allocate some portion of
the net proceeds to mine construction.
The
shares of the Company’s common stock will be offered through the NYSE Amex
pursuant to a prospectus supplement to the Company’s effective shelf
registration statement on Form S-3 (Registration No. 333-160504) previously
filed with the United States Securities and Exchange Commission (the
“SEC”). Copies of the prospectus supplement and the accompanying base
prospectus relating to the offering may be obtained from the SEC website at
www.sec.gov,
from the System for Electronic Document Analysis and Retrieval (“SEDAR”) website
at www.sedar.com or by
contacting Haywood Securities (USA) Inc., Attention: Michelle Jankovich, Suite
2000-400 Burrard Street, Vancouver BC, V6C 3A6.
This
press release does not constitute an offer to sell or the solicitation of any
offer to buy the Company’s common stock or any other securities and shall not
constitute an offer, solicitation or sale of any securities in any jurisdiction
in which such offer, solicitation or sale would be unlawful.
About
Uranerz
Uranerz
Energy Corporation is a U.S.-based uranium company focused on achieving
near-term commercial in-situ recovery (“ISR”) uranium production in Wyoming, the
largest producer of uranium of any U.S. state. The Uranerz management team has
specialized expertise in the ISR uranium mining method, and has a record of
licensing, constructing and operating commercial ISR uranium
projects.
Uranerz
Energy Corporation is listed on the NYSE Amex and the Toronto Stock Exchange
under the symbol “URZ,” and listed on the Frankfurt Stock Exchange under the
symbol “U9E.”
Further
Information
For
further information, please contact Derek Iwanaka, Manager of Investor Relations
at 1-800-689-1659 or by email at info@uranerz.com. Alternatively,
please refer to the Company’s website at www.uranerz.com,
review the Company’s filings with the SEC at www.sec.gov or
visit the Company’s profile on SEDAR at www.sedar.com.
Forward-looking
Statements
This
press release may contain or refer to "forward-looking information" and
“forward-looking statements” within the meaning of applicable United States and
Canadian securities laws, which may include, but are not limited to, statements
with respect to anticipated sales of common stock pursuant to the sales
agreement with Haywood, anticipated use of proceeds, future production, planned
development, capital, operating cost and other projections, resource estimates,
planned exploration and drilling programs and results, commodity recovery rates,
the availability of future financing for exploration, the regulatory approval of
planned operations, the expected advantages of ISR mining in relation to capital
costs, operating costs, environmental impact and other plans, estimates and
expectations. Such forward-looking statements reflect the Company’s
current views with respect to future events and are subject to certain risks,
uncertainties and assumptions, including the risks and uncertainties outlined in
the Company’s most recent financial statements and reports and registration
statement filed with the SEC (available at www.sec.gov) and with
Canadian securities regulators (available at www.sedar.com).
Should one or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary materially from
those anticipated, believed, estimated or expected. We do not undertake to
update forward-looking information or forward-looking statements, except as
required by law.