Uranium royalty corp. announces u.s.$30 million bought deal financing

Vancouver, british columbia, oct. 10, 2023 (globe newswire) -- uranium royalty corp. (nasdaq: uroy, tsx: urc) ("urc" or the "company") is pleased to announce that it has entered into an agreement with a syndicate of underwriters, led by bmo capital markets as sole bookrunner, under which the underwriters have agreed to purchase, on a bought deal basis, 10,205,000 common shares (the “common shares”), at a price of u.s.$2.94 (the current approximate equivalent of c$4.00 per common share), for gross proceeds of approximately u.s.$30 million (the “offering”). the company has granted the underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the offering, to purchase up to an additional 15% of the offering to cover over-allotments, if any. the offering is expected to close on or about october 17, 2023 and is subject to the company receiving all necessary regulatory approvals.
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