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Stock Market & Financial Investment News

News Breaks
December 17, 2012
18:14 EDTURREUranium Resources seeks shareholder approval of reverse stock split
Uranium Resources announced that it has filed a proxy statement to seek shareholder approval of a reverse stock split. The company also announced the closing of $5M in bridge financing with Resource Capital Fund V L.P. and the company's plan to undertake a shareholder rights offering in 2013. In order to regain compliance with NASDAQ's minimum $1.00 bid price requirement and maintain the company's NASDAQ listing, URI's Board has unanimously approved a charter amendment to conduct a reverse stock split. On December 17, URI filed definitive proxy materials with the SEC seeking shareholder approval of the charter amendment that will permit it to conduct a reverse stock split of the company's issued and outstanding common stock, by a ratio of not less than 1-for-5 and not more than 1-for-15, with the final ratio to be determined by the company's Board following shareholder approval. A special meeting of shareholders has been scheduled for January 14, 2013 to vote on the reverse split. The $5M Bridge Financing, which carries an annualized interest rate of 10%, will be used for the advancement of URI's strategic projects and general working capital requirements.
News For URRE From The Last 14 Days
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February 12, 2016
08:33 EDTURREUranium Resources sees bringing FY16 CapEx below $11M
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08:31 EDTURREUranium Resources stockholders approve reverse stock split
Uranium Resources announced that its stockholders have approved the charter amendment that will permit the company to conduct a reverse stock split of its issued and outstanding common stock. Of the outstanding shares entitled to vote at a special meeting of stockholders held on February 11, 2016, 93.2% were "FOR" the reverse split. The amendment allows URI to effect a reverse stock split by a ratio of not less than 1-for-2 and not more than 1-for-20. The final ratio will be determined by the company's Board of Directors in due course. The primary intent of the reverse split is to enable URI to regain compliance with the Nasdaq minimum $1 bid price requirement to maintain the company's stock listing on Nasdaq.
February 5, 2016
10:16 EDTURREUranium Resources to host special shareholder meeting
Special shareholder meeting to approve an amendment to the company's Restated Certificate of Incorporation will be held on February 11 at 11 am.
February 4, 2016
08:40 EDTURREAspire Capital to invest up to $10.8M in Uranium Resources
Uranium Resources announced that it has entered into a stock purchase agreement with Aspire Capital Fund, selling 3.56M shares of its common stock in a registered direct offering for an aggregate purchase price of $838,000. There were no underwriting discounts or placement agent fees. The company intends to use the net proceeds from this transaction for general corporate purposes, which may include technical studies, restoration commitments, capital expenditures and working capital. Separately, on February 3, the company and Aspire Capital also entered into an option agreement by which Aspire Capital granted the company the right at any time or times prior to April 30, 2017, for the company to require Aspire Capital to enter into up to two common stock purchase agreements, each having a term of up to 24 months, and collectively requiring Aspire Capital to purchase up to the aggregate amounts of which shall not exceed $10M in the aggregate of company's common stock, or such lesser amount as the company may determine, on an ongoing basis when required by the company. Upon the execution of the option agreement, the company issued 900,000 restricted common shares to Aspire Capital as a commitment fee.
February 1, 2016
14:58 EDTURREUranium Resources to host special shareholder meeting
Special shareholder meeting to be held to approve an amendment to the company's Restated Certificate of Incorporation will be held in Centennial, Colorado on February 2 at 11 am.

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