The Anderson property covers 7,581 acres and is comprised of 370 contiguous, unpatented lode mining and placer claims.
Under the merger, UEC has issued 1,253,440 common shares to the former Concentric stockholders, representing about 1.7% of the issued and outstanding common stock of UEC.
In addition, UEC has issued 375,834 common stock purchase warrants to the former holders of Concentric common stock purchase warrants based on the exchange ratio of 0.1075 of one UEC exchange warrant for every one Concentric warrant.
Currently UEC’s geologists are compiling all data, rectifying historic bore hole coordinates, and initiating development of an up-to-date three-dimensional model of the Anderson mineralization.
