Item 7.01 Regulation FD Disclosure
On June 30, 2022, Uranium Energy Corp. (the "Company" or "UEC") issued a news
release providing an update on its holdings of common shares of UEX Corporation
("UEX"). The Company has acquired 6,844,000 UEX common shares through the
facilities of the TSX at an average cost of C$0.3601 per UEX common share. When
added to the 11,627,907 UEX common shares acquired by private placement on June
22, 2022 at a price of C$0.43 per share (the "Private Placement"), UEC now holds
a total of 18,471,907 UEX common shares (approximately 3.32% of the shares
currently outstanding).
On June 13, 2022, UEC announced that it had entered into a definitive agreement
with UEX pursuant to which it is to acquire all of the issued and outstanding
common shares of UEX in an all-share transaction by way of statutory plan of
arrangement (the "Transaction"). The Private Placement was completed in
connection with the Transaction. In announcing the closing of the Private
Placement, UEC announced its intention to acquire additional UEX common shares
by making purchases through the facilities of the TSX.
These additional UEX common shares are being held by UEC for investment purposes
and in furtherance of the Transaction. UEC may, from to time, dependent on
market or other conditions, and subject to applicable securities laws, either
increase or decrease its beneficial ownership in the common shares of UEX. UEC
will continue to provide periodic updates in respect of any UEX common share
purchases made.
A copy of the news release is attached as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits
(a) Financial Statements of Business Acquired
Not applicable.
(b) Pro forma Financial Information
Not applicable.
(c) Shell Company Transaction
Not applicable.
(d) Exhibits
Exhibit Description
99.1 News Release dated June 30, 2022.
104 Cover Page Interactive Data File (the cover page XBRL tags are embedded
within the inline XBRL document)
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