Uranerz Energy Corporation (URZ)

[Realperson]

Form 8-K for URANERZ ENERGY CORP.

8-Aug-2013

Other Events



On August 8, 2013, three of Uranerz Energy Corporation's (the "Company") senior officers, Dennis Higgs, Executive Chairman, Glenn Catchpole, President & CEO and Kurtis Brown, Senior Vice President, Geology & Development corrected the filing of Form 144 notices regarding their intention to sell shares of common stock of the Company in the open market under Rule 10b5-1 trading plans. Shareholders should not take the previously filed Form 144s as an indication that these senior officers intend to sell shares of the Company in the next three months. The forms were filed in error by a brokerage firm.

The Form 144 notices should not have been filed, because no bona fide sale order has been placed with a broker and pursuant to the terms and conditions of the Rule 10b5-1 trading plans entered into by the senior officers, there is currently no bona fide intention that shares of common stock will be sold on behalf of such senior officers within a reasonable period of time due to minimum share price restrictions contained in the trading plans.

In May and June of 2013, Messrs. Higgs, Catchpole and Brown each entered into Rule 10b5-1 trading plans in relation to their shareholdings of the Company. Rule 10b5-1 trading plans direct a third-party administrator to undertake sales of the officer's shareholdings on their behalf pursuant to the terms and conditions of the trading plan, without further instruction or influence from such officer. The Rule 10b5-1 trading plans entered into by the Company's senior officers provided for several conditions for a sale, including: (1) a minimum selling price which is, in each case, well above the current market price of the Company's shares of common stock; and (2) strict volume limitations on the number of shares that could be sold during any three-month period of time.