|Bid||0.18 x 0|
|Ask||0.19 x 0|
|Day's Range||0.18 - 0.19|
|52 Week Range||0.18 - 0.32|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.50|
Ucore Rare Metals Inc. (UCU.V) (UURAF) (“Ucore” or the “Company”) announces that Orca Holdings, LLC (“Orca”), a company owned and controlled by Randy T. Johnson of Ketchikan, Alaska, has notified the Company of a prospective desire to increase Orca’s investment in the Company such that Orca would control in excess of 20% of the Company’s voting shares on a partially diluted basis. This would result in Orca becoming a “Control Person” as defined by TSXV Policy 1.1 and any such transaction may also result in a “Change of Control” as defined in TSXV Policy 1.1, which would be subject to the approval of both the TSX Venture Exchange and a majority of the Company’s disinterested shareholders (in accordance with TSXV Policies as well as Multilateral Instrument 61-101 “Protection of Minority Security Holders in Special Transactions”). However, no offer has been made by any party and no transaction is being contemplated by the Company at this time. Orca currently owns or controls 36,188,032 common shares of the Company (representing 13.1%) and 11,408,772 warrants that are exercisable into that number of additional common shares of the Company (representing an aggregate of 16.5% on a partially diluted basis). Orca filed an early warning report on SEDAR on January 19, 2016 when it completed a royalty conversion transaction with the Company and then held approximately 15% of the Company’s common shares. Orca also participated in the Company’s recent Private Placement. Details are available on SEDAR at www.sedar.com and on SEDI at www.sedi.ca.
Ucore Rare Metals Inc. (UCU.V) (UURAF) (“Ucore” or the “Company”) is pleased to announce that further to its news release dated May 23, 2018, the Company has successfully closed the first tranche (the “First Tranche”) of its non-brokered private placement (the “Private Placement”) by issuing 6,344,074 units (“Units”) at a subscription price of $0.18 per Unit for gross proceeds of approximately $1,142,000. Each Unit consists of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”).
Ucore Rare Metals Inc. (UCU.V) (UURAF) (“Ucore” or the “Company”) is pleased to announce that it is conducting a non-brokered private placement of up to 8,000,000 units at $0.18 per unit, for total potential proceeds of $1,440,000 (the “Private Placement”). Each unit consists of one common share and one common share purchase warrant. Each warrant gives the holder the right to purchase one common share at an exercise price of $0.25 for a period of 36 months. The closing of the Private Placement is subject to certain conditions, including, but not limited to the receipt of all necessary approvals including the approval of the TSX Venture Exchange.
HALIFAX, Nova Scotia, May 07, 2018-- Ucore Rare Metals Inc. is pleased to announce it has engaged IBC Advanced Technologies, Inc. of American Fork, Utah, to commence advanced engineering and design procedures ...
HALIFAX, Nova Scotia, April 09, 2018-- Ucore Rare Metals, Inc. is pleased to announce that its pending joint venture partner, Kentucky River Properties LLC of Hazard, Kentucky,, has purchased an industrial ...