On December 31, 2020, Azarga Uranium Corp. (TSX: AZZ; OTCQB: AZZUF; FRA: P8AA) (“Azarga Uranium”) announced the completion of its over-subscribed bought deal prospectus offering of units (the “Offering”). Pursuant to the Offering, Azarga Uranium issued a total of 30,000,000 units (the “Units”), at a price of $0.20 per Unit for gross proceeds of $6 million. Haywood Securities Inc. and Eight Capital (collectively, the “Underwriters”) acted as co-lead underwriters of the Offering.
Azarga Uranium is an integrated uranium exploration and development company that controls ten uranium projects and prospects in the United States of America (South Dakota, Wyoming, Utah and Colorado), with a primary focus of developing in-situ recovery uranium projects.
Miller Thomson advised the Underwriters with a team led by Lucy Schilling and comprising of Peter McArthur, Gosia Piasecka, Ashley Ainsley, and Shayna Eragbhe (Capital Markets & Securities) and Catherine Brayley and Lesley Kim (Tax).