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UEX Corp T.UEX


Primary Symbol: UEXCF

UEX Corp is an exploration and development company. It is engaged in the exploration and evaluation of its mineral properties located in the province of Saskatchewan. The company's projects include the Hidden Bay Project, Horseshoe-Raven Project, West Bear Project and others.


OTCQB:UEXCF - Post by User

Bullboard Posts
Post by KansasCrudeon Oct 29, 2010 10:42am
395 Views
Post# 17630088

Dodger help me with my Math

Dodger help me with my Math From the press release:


Underwriters have agreed to purchase on a bought deal private placement basis (or arrange substitute purchases for), 5,500,000 flow-through common shares of UEX (the "Flow-Through Shares") at a price of $1.65 per Flow-Through Share for total gross proceeds to UEX of $9,075,000. A cash commission equal to 5.0% of the gross proceeds raised in the offering will be paid to the Underwriters

I don't get where you get the $.85 a share with them paying a 5% commission I get $1.61.  Still looks bullish to me.  Don't let the manipulators playing on misunderstanding this dilution scare you into selling.
Bullboard Posts