Market Overview

Uranium Resources Seeks Reverse Stock Split, Secures $5M in Bridge Financing

Uranium Resources (NASDAQ: URRE) today
announced that it has filed a proxy statement to seek shareholder
approval of a reverse stock split. The Company also announced the
closing of $5 million in bridge financing (“Bridge Financing”) with
Resource Capital Fund V L.P. (“RCF”) and the Company's plan to undertake
a shareholder rights offering (“Rights Offering”) in 2013.

Reverse Stock Split Proposed to Shareholders to Maintain NASDAQ
Listing

In order to regain compliance with NASDAQ's minimum $1.00 bid price
requirement and maintain the Company's NASDAQ listing, URI's Board has
unanimously approved a charter amendment to conduct a reverse stock
split.

See full press release

Posted-In: News Guidance Financing Asset Sales Management Stock Split

 

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