On February 8, 2023, enCore Energy Corp. closed a public offering of 10,615,650 units at a price of $3.25 per unit for aggregate gross proceeds of approximately $34.5 million, including exercise in full of the underwriters’ over-allotment option.
Each unit consists of one common share in the capital of enCore Energy and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share of enCore Energy at a price of $4.05 per warrant share for a period of 36 months following closing.
The offering was conducted through a syndicate of underwriters led by Canaccord Genuity, as lead underwriter and sole bookrunner, and including Cantor Fitzgerald Canada Corporation and Haywood Securities Inc.
Cassels acted for the underwriters.