Uranium Energy Corporation has proudly announced the closing of a non-brokered placement offering pursuant to which UEC has now issued an aggregate of 5,452,749 units at a subscription price of $2.40 per unit for gross proceeds to the company of $13,086,597. Each of these units is comprised of a single share of common stock and one half of a transferable common stock purchase warrant. These warrants are exercisable for one full additional share of common stock in UEC at an exercise price of $3.10 per warrant for a period of two years from closing.

The unit shares, warrants and warrant shares have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. The net proceeds from the offering will be used to advance the UEC’s Goliad ISR Uranium Project for other exploration and development activities, for land and project acquisitions and for general corporate purposes. The Goliad ISR project is currently the company’s lead project, and is made up of over 1,400 acres of proven uranium property in north central Goliad County, Texas.

In addition to the Goliad project, UEC has properties and projects in five other states including: New Mexico, Wyoming, Colorado, Utah and Arizona. Uranium Energy Corporation’s strategy of acquiring exploration databases and leveraging those databases to generate acquisition targets has been effective thus far. The company will continue to aggressively pursue this formula on an ongoing basis, which will be drastically helped through this financing.

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