News
Summary
Vancouver, British Columbia, Canada, February 2, 2024 Uranium Royalty Corp. (NASDAQ: UROY) (TSX: URC) ("URC" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of underwriters, led by Canaccord Genuity Corp. as sole bookrunner, under which the underwriters have agreed to purchase, on a bought deal basis, 6,724,600 common shares (the "Common Shares"), at a price of US$3.40 per Common Share (the current approximate equivalent of C$4.76 per Common Share), for gross proceeds of approximately US$22.9 million (the "Offering").The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days after and including the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. Forward-looking information includes statements that address or discuss activities, events or developments that the Company expects or anticipates may occur in the future. Statements constituting forward-looking information reflect the current expectations and beliefs of the Companys management. 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.