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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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June 28, 2015
18:16 EDTURREUranium Resources to sell Roca Honda assets to Energy Fuels
Uranium Resources (URRE) announced that it has executed a definitive agreement to sell its Roca Honda assets to Energy Fuels (UUUU) for $2.5M in cash, $375,000 in Energy Fuels’ shares, and certain other considerations. The transaction is expected to close in July. Separately, on June 22, Uranium executed a loan agreement to provide up to $1.6M to Anatolia Energy, which the company called "a significant milestone in the pending merger" of the two companies. The loan provides Anatolia with capital to ensure it progresses its Temrezli Project towards development in advance of the closing of the merger.

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