Uranium Resources, Inc. announced the results of a secondary public offering of the company’s common stock. The company issued 23.81 million shares at $0.42 per share.
Uranium Resources, Inc. said that the offering would net the company approximately $9 million after commissions and expenses. Roth Capital Partners acted as the underwriter and sole manager of the public offering, and retains an overallotment right to offer an additional 3.33 million shares for 30 days.
Uranium Resources, Inc. said that the proceeds would be used for general corporate purposes and possibly for an acquisition if an attractive company or asset could be found.
Uranium Resources, Inc. is a uranium exploration and development company with assets in Texas and New Mexico. The company owns three mines in Texas, including the Kingsville Dome, Rosita and Vasquez properties. Uranium Resources, Inc. also owns the Mosser and Marshall properties in Texas, which are currently undeveloped.
In New Mexico, Uranium Resources, Inc. owns mines and mineral leases in seven areas of the state. The company controls 183,000 acres and has 101.4 million pounds of potential uranium resources here.
For more information on the company, go to www.uraniumresources.com