Two Strong Recently Free-Trading Financings You Missed

January 19, 2022 03:59 PM PST

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Note: PrivatePlacements.com has NOT received compensation from any of the companies listed below in connection with this message, nor is the writer an investor in any company listed.

UEX Corp. (TSX: UEX)

  • Type of financing: Bought deal
  • Gross proceeds: $21.2 million
  • Number of units: 72.95 million
  • Price per unit: $0.29
  • Closing date: 09/07/21
  • Today's closing price (Jan. 11): $0.34
  • Share appreciation: 17.24%
  • Warrants: Full
  • Strike Price: $0.40
  • Expiry date: 09/07/24

Company overview:

  • Uranium junior with projects on the prolific Athabasca Basin
  • Began a drill program on its flagship Christie Lake project in August, reported 0.4 metres of 181 ppm uranium in December
  • Shares climbed to a peak of 59 cents in September following the bought deal, but have declined to $0.34 since then
  • Warrants are not in the money as of their free-trading date

Freeman Gold Corp. (CSE: FMAN)

  • Type of financing: Non-brokered
  • Gross proceeds: $3 million
  • Number of units: 11.54 million
  • Price per unit: $0.26
  • Closing date: 09/08/21
  • Today's closing price (Jan. 11): $0.50
  • Share appreciation: 92.31%
  • Warrants: Full
  • Strike Price: $0.35
  • Expiry date: 09/08/24

Company overview:

  • Gold junior with projects in Idaho, US
  • Began phase 2 drilling at its Lemhi project in November
  • Has been on the rise since October, though there is no immediate, clear reason other than some solid sampling results and a decent outlook for gold

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