U92 Energy to Raise Up to C$6 Million in a Best-Efforts Offering of Share Units
U92 Energy (UTWO.V) on Wednesday said it will raise up to C$6 million in a best-efforts offering of share units.The company said it filed a preliminary short form prospectus with provincial securities regulatory authorities , excepting Quebec, to raise between C$3.6 million and C$6 million.The company will place between nine-million and 15-million units priced at $0.40 and made up of a share and a four-year warrant to buy a share for C$0.65. The agents have been granted an option to buy up to an additional 15% of the maximum number of units issuable under the offering.Closing of the offering is expected on or about Aug. 11.Shares of the company were last seen down C$0.06, or 13%, to C$0.39 on the TSX Venture Exchange.Price: $0.39, Change: $-0.06, Percent Change: -13.33%
