URANIUM RESOURCES,INC. (NASDAQ:URRE) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 – Entry into a Material Definitive Agreement.
January 13, 2017, Uranium Resources,Inc. (the Company) entered
into a Placement Agency Agreement (the Placement Agency
Agreement) with Dawson James Securities, Inc. (Dawson), to which
the Company engaged Dawson to act as placement agents in a
registered publicofferingof 1,399,140 shares of the Companys
common stock, par value, $0.001 per share, at a price to the
public of $2.01 per share, and pre-funded warrants to purchase
3,426,731 shares of the Companys Common Stock (collectively, the
Shares), at a price to the public of $2.00 per pre-funded warrant
(the Offering). to the terms of the Placement Agency Agreement,
Dawson does not have any obligation to buy any of the Shares or
to arrange for the purchase or sale of any specific number or
dollar amount of Shares. The Company agreed to pay Dawson an
aggregate fee of 8.0% of the gross proceeds from the Offering.
The Offering was registered to the Companys effective shelf
registration statement on FormS-3 (File No.333-196880) (the
Registration Statement) and the related base prospectus included
in the Registration Statement, as supplemented by the prospectus
supplement dated January13, 2017. The legal opinion and consent
of Hogan Lovells US LLP addressing the validity of the Shares is
filed as Exhibit5.1 to this Current Report on Form8-K and is
incorporated into the Registration Statement.
The foregoing descriptions of the terms and conditions of the
Placement Agency Agreement and pre-funded warrants are not
complete and are qualified in their entirety by the full text of
the Placement Agency Agreement and form of pre-funded warrant,
which are filed herewith as Exhibits 10.1 and 4.1, respectively,
and incorporated into this Item 1.01 by reference.
The Placement Agency Agreement contains customary representations
and warranties, covenants, conditions to closing and
indemnification provisions that the parties made to, and solely
for the benefit of, each other in the context of all of the terms
and conditions of those agreements and in the context of the
specific relationship between the parties. The provisions of the
Placement Agency Agreement, including the representations and
warranties contained therein, are not for the benefit of any
party other than the parties to such agreements and are not
intended as documents for investors and the public to obtain
factual information about the current state of affairs of the
parties to those documents and agreements. Rather, investors and
the public should look to other disclosures contained in the
Companys filings with the Securities and Exchange Commission.
Item 7.01 – Regulation FD Disclosure.
On January 19, 2017, the Company issued a press release
announcing the closing of the Offering. A copy of the press
release is furnished herewith as Exhibit99.1.
The information in this Current Report on Form 8-K under
Item7.01, including the accompanying press release, shall not be
deemed filed for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, nor shall it be deemed
incorporated by reference in any filing under the Securities Act
of 1933, as amended, except as shall be expressly set forth by
reference to such filing.
Item 9.01 – Financial Statements and Exhibits.
(d) Exhibits.
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ExhibitNo. |
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Description |
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4.1 |
Form of Pre-Funded Warrant. |
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5.1 |
Opinion of Hogan Lovells US LLP. |
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10.1 |
Placement Agency Agreement, dated January 13, 2017, |
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23.1 |
Consent of Hogan Lovells US LLP (included in Exhibit5.1). |
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99.1 |
Press Release dated January 19, 2017. |
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About URANIUM RESOURCES, INC. (NASDAQ:URRE)
Uranium Resources, Inc. is engaged in developing energy-related metals. As of December 16, 2016, the Company had developed land position in two prospective lithium brine basins in Nevada and Utah in preparation for exploration and development of any resources that may be discovered there. In addition, it remains focused on advancing the Temrezli in-situ recovery (ISR) uranium project in Central Turkey when uranium prices permit economic development of this project. As of December 16, 2016, it controlled exploration properties in Turkey under nine exploration and operated licenses covering approximately 32,000 acres (over 13,000 hectares) with various exploration targets, including the satellite Sefaatli Project, which is 30 miles (48 kilometers) southwest of the Temrezli Project. Its projects include Temrezli Project, Kingsville Dome Project, Rosita Project, Vasquez Project, Butler Ranch Exploration Project, Sejita Dome Exploration Project, Cebolleta Project and Juan Tafoya Project. URANIUM RESOURCES, INC. (NASDAQ:URRE) Recent Trading Information
URANIUM RESOURCES, INC. (NASDAQ:URRE) closed its last trading session up +0.58 at 2.68 with 6,190,281 shares trading hands.