U3O8 Corp. Announces Terms of Financing Available to its Existing Shareholders
401 Bay Street T: 416-868-1491
Suite 2702 www.u3o8corp.com
Toronto, ON M5H 2Y4 TSX: UWE
Canada OCTQB: UWEFF
Press release
U3O8 Corp. Announces Terms of Financing Available to its Existing
Shareholders
Toronto, Ontario – June 27, 2017 – U3O8 Corp. (TSX: UWE), (OTCQB: UWEFF) (“U3O8 Corp.” or the
“Company”) announces the terms of a private placement that is being made available to its existing
shareholders through the Existing Shareholder Prospectus Exemption (“ESPE”) tha t was adopted by the
Toronto Stock Exchange (“TSX”) in 2015.
Terms
The Company seeks to raise $250,000 through the sale of 10 million Units priced at 2.5c per Unit
(“Financing”). A Unit will consist of a share and one half of a warrant. Each warrant will entitle the holder
to purchase a common share of the Corporation at a price of 5c and shall be valid for 30 months. If the
Corporation’s shares trade above 7c for 20 consecuti ve business days, the Company may elect to
accelerate the term of the warrants such that they should be exercised within 30 days of notice of the
acceleration being given.
The ESPE financing will be open from today and is expected to close at 5pm (Eastern Standard Time) on
July 18th, 2017, upon receipt of final TSX approval.
Restrictions on the ESPE financing
The financing is open to persons who:
• Owned one or more common shares of the Corporation at the Record Date of May 11, 2017 and
who still own one or more of the Corporation’s common shares at today’s date; and
• Reside in Canada and elsewhere except for the province of Newfoundland and Labrador and the
USA.
Each shareholder who qualifies to purchase shares under the ESPE rules may purchase up to $15,000 of
the Company’s common stock per year. However, any qualifying shareholder that makes a declaration
on the subscription form t hat he or she has obtained adv ice from a financial advisor in regard to the
purchase of the Corporation’s stock is not subject to this $15,000 ceiling. Due to associated legal,
regulatory and admin istration costs, the Company requests that subscriptions be for at least $500 per
shareholder.
Shares and warrants issued under the ESPE financing will subject to a hold period of four months and
one day.
Purpose
The purpose of the ESPE financing is twofold:
• To raise funds to refine and optimize metallurgical test work on the Laguna Salada Deposit,
focused on driving down estimated production costs, and for general administrative purposes;
and
• To provide existing shareholders with an opportunity to cost -effectively increase their
shareholding in the Company prior to the capital restru cturing that was approved by shareholders
at the Company’s Annual and Special Meting held on June 22, 2017.
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Subscription Procedure
Shareholders are requested to register their names and contact details under the orange “Existing
Shareholder Prospectus Exemption” icon on the lower left of the home page of the Company’s website
(http://www.u3o8corp.com) or by e -mailing [email protected], and a link to a fillable PDF subscrip tion
agreement will be sent to you for completion.
Subscriptions will be accepted by the Company on a “first come, first served basis”. Therefore, if the
ESPE offering is over -subscribed it is possible that a shareholder subscription may not be accepted by
the Company. Additionally, the Company reserves the right , in a situation of over-subscription, to reduce
the number of Units available to each subscriber.
US Residents
Under US regulations, 25 US shareholders may participate in an ESPE financing. If you are a resident of
the USA and you are interested in participat ing in the F inancing, please register your interest under the
“Existing Shareholder Prospectus Exemption ” icon on the home page of the Company’s web site
(http://www.u3o8corp.com) or by e-mail [email protected] at your earliest convenience, and please
check the “USA Resident” box. A link to a USA-specific subscription agreement will be sent to you.
About U3O8 Corp.
U3O8 Corp. is focused on exploration and development of deposits of uranium and associated
commodities in South America. Potential by-products from uranium production include commodities used
in the energy s torage industry – in the manufacture of batteries - such as nickel, vanadium and
phosphate. The Company’s mineral resources estimates were made in accordance with National
Instrument 43-101, and are contained in three deposits:
• Laguna Salada Deposit, Argentina – a PEA shows this near surface, free -digging uranium -
vanadium deposit has low production-cost potential;
• Berlin Deposit, Colombia – a PEA shows that Berlin also has low -cost uranium production potential
due to revenue that would be generated from by-products of phosphate, vanadium, nickel, rare earths
(yttrium and neodymium) and other metals that occur within the deposit; and
• Kurupung Deposit, Guyana – a uranium resource has been estimated in four veins within a
uranium-zirconium vein system. Resources have been estimated on four veins, while consistent
mineralization of the same type has been intersected in scout drilling of an additional six veins, while
yet other veins require first-time exploration drilling.
Information on U3O8 Corp., its resources and technical reports are available at www.u3o8corp.com and
on SEDAR at www.sedar.com. Follow U3O8 Corp. on Facebook: www.facebook.com/u3o8corp, Twitter:
www.twitter.com/u3o8corp and YouTube: www.youtube.com/u3o8corp.
For further information, please contact:
Richard Spencer, President & CEO, U3O8 Corp. Tel.: (416) 868-1491 [email protected]
Forward-Looking Statements
This news release includes certain “forward looking statements” related with the development plans, economic
potential and growth targets of U3O8 Corp’s projects. Forward -looking statements consist of statements that are not
purely historical, including statements regarding beliefs, plans, expectations or intensions for the future, and include,
but not limited to, statements with respect to: (a) the low -cost and near-term development of Laguna Salada, (b) the
Laguna Salada and Berlin PEAs, (c) the potenti al of the Kurupung district in Guyana, (d) impact of the U - pgradeTM
process on expected capital and operating expenditures, and (e) the price and market for uranium. These statements
are based on assumptions, including that: (i) actual results of our expl oration, resource goals, metallurgical testing,
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economic studies and development activities will continue to be positive and proceed as planned, and assumptions in
the Laguna Salada and Berlin PEAs prove to be accurate, (ii) a joint venture will be formed with the provincial
petroleum and mining company on the Argentina project, (iii) requisite regulatory and governmental approvals will be
received on a timely basis on terms acceptable to U3O8 Corp., (iv) economic, political and industry market conditions
will be favourable, and (v) financial markets and the market for uranium will improve for junior resource companies in
the short-term. Such statements are subject to risks and uncertainties that may cause actual results, performance or
developments to differ materially from those contained in such statements, including, but not limited to: (1) changes in
general economic and financial market conditions, (2) changes in demand and prices for minerals, (3) the Company’s
ability to establish appropriate joint v enture partnerships, (4) litigation, regulatory, and legislative developments,
dependence on regulatory approvals, and changes in environmental compliance requirements, community support
and the political and economic climate, (5) the inherent uncertaintie s and speculative nature associated with
exploration results, resource estimates, potential resource growth, future metallurgical test results, changes in project
parameters as plans evolve, (6) competitive developments, (7) availability of future financin g, (8) exploration risks,
and other factors beyond the control of U3O8 Corp. including those factors set out in the “Risk Factors” in our Annual
Information Form available on SEDAR at www.sedar.com. Readers are cautioned that the assumptions used in the
preparation of such information, although considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on forward -looking statements. U3O8 Corp. assumes
no obligation to update such information, except as may be required by law. For more information on the above-noted
PEAs, refer to the September 18, 2014 technical report titled “Preliminary Economic Assessment of the Laguna
Salada Uranium -Vanadium Deposit, Chubut Province, Argentina” and the J anuary 18, 2013 technical report titled
“U3O8 Corp. Preliminary Economic Assessment on the Berlin Deposit, Colombia.”