Uranium Royalty Corp. announced a private placement to issue 10,989,010 subscription receipt at an issue price of $3.64 for the proceeds of $39,999,996.4 on April 16, 2026. Transaction involves participation of Uranium Energy Corp.
Each subscription receipt will automatically convert into one URC Share in the event al escrow release conditions set out in the agreement are satisfied, including satisfaction of the conditions precedent to the Arrangement and receipt of conditional approval of the Arrangement from Toronto Stock Exchange and approval from shareholders at the shareholder meeting. Closing of the UEC Subscription is expected to occur shortly after receipt of conditional approval of the Toronto Stock Exchange, with the subscription funds to be held in escrow pending satisfaction of the escrow release conditions. Following confirmation of the escrow release conditions and delivery of a release notice to the escrow agent, the release of escrowed funds will occur immediately prior to closing of the Arrangement and conversion of the subscription receipts will occur immediately prior to closing of the transactions in the sequence set out in the Plan of Arrangement.
