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Toronto, Ontario - August 30, 2018 - U3O8 Corp. (TSX: UWE), (OTCQX: UWEFF) ("U3O8 Corp." or the "Company") announces that it is extending the expiry date (the "Warrant Extension") and amending the exercise price (the "Amended Exercise Price") of 1,132,500 common share purchase warrants (the "Warrants") issued pursuant to private placement offerings of the Company.
Warrant Extension and Amendment
The Company and holders of the Warrants have agreed to the Warrant Extension and Amended Exercise Price whereby the Warrants will expire twelve months from the original expiry dates and be exercisable into a common share of the Company at $0.50, as depicted in the table below:
|
Issue Date
|
Issued Exercise Price |
Original Expiry Date
|
Amended Expiry Date |
Amended Exercise Price
|
Effective Date |
Original # of Warrants Issued |
| September 13, 2016 |
$0.90 |
September 13, 2018 |
September 13, 2019 |
$0.50 |
September 13, 2018 |
1,066,667 |
| October 12, 2016 |
$0.90 |
October 12, 2018 |
October 12, 2019 |
$0.50 |
September 13, 2018 |
65,833 |
None of the Warrants are held by insiders of the Company.
The Toronto Stock Exchange has provided conditional approval for the Warrant Extension and Amended Exercise Price with an effective date for the amendments of September 13, 2018.
For further information, please contact:
Richard Spencer
President & CEO
U3O8 Corp.
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