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UEX to raise up to C$5M in flow-through private placement

UEXCorp. said April 28 that it has reached an agreement with PrimaryCapital Inc. that will see Primary Capital act as an agent to offer 16 millioncommon flow-through shares at 25 cents each to raise C$4 million on a"guaranteed" agency basis.

Primary Capital will have the option to increase the size ofthe offering by an additional 4 million flow-through shares at 25 cents, or C$1million.

The UEX said it will put the proceeds towards advancing itsuranium properties, located in Saskatchewan's Athabasca Basin.

The offering is expected to close by May 12.