URZ Energy files for IPO

URZ Energy Corp., formerly Summit Point Uranium Corp., a Vancouver based exploration and development company engaged in development of uranium properties in Wyoming, has filed for an initial public offering of 3,500,000 units at $0.15 per unit for gross proceeds of $525,000.

Each unit will consist of one common share and one-half of one transferable common share purchase warrant. Each whole warrant will entitle the holder to acquire one common share at $0.40 per share until August 15, 2018.

Haywood Securities Inc. acts as the agent for the offering. Gowling WLG (Canada) LLP and Miller Thomson LLP act as legal counsel to URZ and the agent respectively.

photo credit: URZ Energy

Ted Liu

Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.