Global Uranium Fund Inc. (TSX:GUR) has filed a final prospectus for an offering of warrants. The offering is being made to equity shareholders of the company. Each shareholder of record on December 21, 2009, will be given 1 warrant for each share held. The company plans on using the proceeds from the offering to take up investment opportunities.
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1 warrant will enable the holder to purchase one equity share following the payment of the subscription price of $2.84. The price is equal to the sum of the most recently calculated NAV per equity share prior to the date of filing the preliminary prospectus and the estimated per equity share fees and expenses of the offering. The warrants can be exercised on or before the expiration date of April 30, 2010.
Global Uranium Fund Inc. (the Fund) is a mutual fund corporation. The Fund’s objective is to invest in a diversified portfolio consisting of equity securities of uranium companies. The Fund invests in uranium companies that represent investment opportunities in the production of uranium and the development of uranium deposits, as well as in securities of exploration issuers. UBS Global Asset Management (Canada) Co. is the portfolio manager of the Fund.
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