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URRE > SEC Filings for URRE > Form 8-K on 18-Dec-2015All Recent SEC Filings

Show all filings for URANIUM RESOURCES INC /DE/

Form 8-K for URANIUM RESOURCES INC /DE/


18-Dec-2015

Entry into a Material Definitive Agreement, Regulation FD Disclosure,


Item 1.01 Entry into a Material Definitive Agreement.

On December 17, 2015, Uranium Resources, Inc. (the "Company") entered into a Placement Agency Agreement (the "Placement Agency Agreement") with Roth Capital Partners, LLC ("Roth"), pursuant to which the Company engaged Roth to act as sole placement agent in a registered direct offering to certain accredited investors (the "Offering"). Pursuant to the terms of the Placement Agency Agreement, Roth has no obligation to buy any of the Company's securities or to arrange for the purchase or sale of any specific number or dollar amount of securities. The Company agreed to pay Roth an aggregate fee of 7% of the gross proceeds from the Offering.

On December 17, 2015, the Company entered into a Subscription Agreement (the "Subscription Agreement") with certain accredited investors (the "Purchasers"), pursuant to which the Company agreed to sell 2,500,000 shares of the Company's common stock (the "Shares") to the Purchasers in a registered direct offering. The Shares were sold at a price of $0.40 per Share.

The closing of the Offering will occurr on December 18, 2015. Net proceeds to the Company from the Offering are approximately $0.9 million after deducting placement agency fees and transaction expenses. The Company intends to use the net proceeds from the Offering for general corporate purposes, which may include technical studies, restoration commitments, capital expenditures and working capital.

The Offering was registered pursuant to the Company's effective shelf registration statement on Form S-3 (File No. 333-196880) (the "Registration Statement") and the related base prospectus included in the Registration Statement, as supplemented by the prospectus supplement dated December 17, 2015. The legal opinion and consent of Hogan Lovells US LLP addressing the validity of the Shares is filed as Exhibit 5.1 to this Current Report on Form 8-K and is incorporated into the Registration Statement.

The foregoing descriptions of the terms and conditions of the Placement Agency Agreement and Subscription Agreement are not complete and are qualified in their entirety by the full text of the Placement Agency Agreement and form of Subscription Agreement, which are filed herewith as Exhibits 10.1 and 10.2, respectively, and incorporated into this Item 1.01 by reference.

The Placement Agency Agreement and the Subscription Agreement contain customary representations and warranties, covenants, conditions to closing and indemnification provisions that the parties made to, and solely for the benefit of, each other in the context of all of the terms and conditions of those agreements and in the context of the specific relationship between the parties. The provisions of the Placement Agency Agreement and the Subscription Agreement, including the representations and warranties contained therein, are not for the benefit of any party other than the parties to such agreements or parties expressly permitted to rely on such provisions and are not intended as documents for investors and the public to obtain factual information about the current state of affairs of the parties to those documents and agreements.

Rather, investors and the public should look to other disclosures contained in the Company's filings with the Securities and Exchange Commission.



Item 7.01 Regulation FD Disclosure.

On December 18, 2015, the Company issued a press release announcing the closing of the Offering. A copy of the press release is furnished herewith as Exhibit 99.1.



Item 9.01 Financial Statements and Exhibits.

(d)                 Exhibits.



Exhibit No.             Description

    5.1       Opinion of Hogan Lovells US LLP.


10.1 Placement Agency Agreement, dated December 17, 2015, between Uranium Resources, Inc. and Roth Capital Partners, LLC.

10.2 Form of Subscription Agreement, dated December 17, 2015, among Uranium Resources, Inc. and the purchasers party thereto.

23.1 Consent of Hogan Lovells US LLP (included in Exhibit 5.1).

99.1 Press Release dated December 18, 2015.


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