Uranium Royalty Corp. Announces U.S.$30 Million Bought Deal Financing
Summary
VANCOUVER, BC, Oct. 10, 2023 /PRNewswire/ - Uranium Royalty Corp. UROY URC ("URC" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of underwriters, led by BMO Capital Markets as sole bookrunner, under which the underwriters have agreed to purchase, on a bought deal basis, 10,205,000 common shares (the "Common Shares"), at a price of U.S.$2.94 (the current approximate equivalent of C$4.00 per Common Share), for gross proceeds of approximately U.S.$30 million (the "Offering"). The Offering is expected to close on or about October 17, 2023 and is subject to the Company receiving all necessary regulatory approvals.The Company currently intends to use the net proceeds of the Offering primarily to fund future purchases of physical uranium, implement its growth strategy through future acquisitions of royalties, streams, physical uranium and similar interests, and for other general working capital purposes.The Common Shares will be offered by way of a prospectus supplement in all of the provinces and territories of Canada, other than Quebec, pursuant to the Companys base shelf prospectus dated July 20, 2023, and will be offered in the United States pursuant to an effective registration statement filed under the Canada/U.S. Forward-looking information includes statements that address or discuss activities, events or developments that the Company expects or anticipates may occur in the future. A number of factors could cause actual results to differ materially from such forward- looking information, including, without limitation, risks inherent to royalty companies, any inability to satisfy the conditions of the offering, including receipt of requisite regulatory approvals, market conditions, share price, uranium price volatility and risks related to the operators of the projects underlying the Companys existing and proposed interests and those other risks described in filings with Canadian securities regulators and the U.S. Securities and Exchange Commission. Accordingly, readers should exercise caution in relying upon forward-looking information and the Company undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.