Uranium Resources, Inc. (Nasdaq:URRE) said today it has closed its underwritten public offering of 23,809,500 shares common stock which was priced at $0.42 a share.
Manager of the offering, Roth Capital, has a 30-day option to acquire an additional 3,333,330 share of common stock on similar terms in order to cover over-allotment of the shares.
After all expenses, the company generated about $9.05 million in the offering.
The capital will be used possible future acquisitions, working capital, and other general business purposes.
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