UEX Corp fka UEX

[joe_techi]

This is also a good confidence builder. Follow the smart money

January 24, 2018

Sorensen Warrant Exercise

Mr. Sorensen has exercised warrants for 18,000,000 UEX shares at an exercise price of $0.20/share to hold a total of 34,000,000 shares representing 9.77% of the issued and outstanding shares of the Company.

UEX received proceeds of $3,600,000 from Mr. Sorensen’s warrant exercise
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Large Institutional Shareholder Warrant Exercises

UEX is also pleased to announce that a large institutional shareholder in two separate funds has exercised warrants in the Company. One of the funds exercised warrants exchangeable for 3,571,429 UEX shares at an exercise price of $0.30/share. The other fund exercised warrants exchangeable for 1,190,476 UEX shares, also at an exercise price of $0.30/share.

In total, 4,761,905 UEX shares were issued for additional proceeds of $1,428,572 from the funds. The funds acquired their warrants as part of UEX private placement financing that closed on May 17, 2016 (see UEX News Release of May 17, 2016).

As a result of the Sorensen and shareholder warrant exercises, UEX issued 22,761,905 shares and received proceeds of $5,028,572. With the exercise of these warrants, this puts the company in a strong cash position at approximately $9.8 million.

https://uex-corporation.com/news/sorensen-exercises-warrants