First Uranium concludes recapitalization
First Uranium has concluded their recapitalization proposal by issuing $150 million worth of notes due to mature on March 31, 2013. This is a very bitter pill for the equity holders to swallow – they will be heavily diluted by virtue of the conversion privilege attached with the notes, at $1.30/share. Assuming conversion occurs, this … Continue reading First Uranium concludes recapitalization
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