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Stock Market & Financial Investment News

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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