URZ Energy files for IPO

Photo of author

By Ted Liu

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