enCore Energy Announces Full Conversion of US $20 Million Promissory Note; Zero Debt as Uranium Production Continues in South Texas [Yahoo! Finance]
enCore Energy Corp. (EU)
Company Research
Source: Yahoo! Finance
United States uranium producer, announced today that the full outstanding principal amount of a US $20 million convertible promissory note (the " Note ") has been converted into common shares of the Company. With the repayment of the Note, enCore has fully eliminated its remaining debt that resulted from the 2023 US $120 million acquisition of the Alta Mesa Project, which was purchased for US $60 million cash and a US $60 million convertible note. Pursuant to the conversion of the Note, the Company issued 6,872,143 common shares to the holder. The Note was issued in February 2023 EU NR February 15, 2023 ) in the principal amount of US $60 million in connection with the Company's acquisition of the Alta Mesa project. The Company previously repaid US $40 million of the Note in 2023 ( EU NR November 14, 2023 ), and as a result of the conversion, all obligations under the Note have now been satisfied in full. William M. Sheriff , Executive Chairman, stated: "Starting in the early fall
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News
- Nuclear Fuels Announces Resumption of Drilling at Its Kaycee ISR Uranium Project, Powder River Basin, Wyoming [Yahoo! Finance]Yahoo! Finance
- enCore Energy Publishes 2023 Annual Report to ShareholdersPR Newswire
- enCore Energy Provides Q1/24 ATM Sales Update; Suspends ATM ProgramPR Newswire
- enCore Energy To Ring Nasdaq Opening Bell & Host First Annual Investor Day; Celebrates as the Newest Uranium Producer in the United States [Yahoo! Finance]Yahoo! Finance
- enCore Energy To Ring Nasdaq Opening Bell & Host First Annual Investor Day; Celebrates as the Newest Uranium Producer in the United StatesPR Newswire
EU
Sec Filings
- 4/22/24 - Form 6-K
- 4/4/24 - Form 6-K
- 3/28/24 - Form 40-F
- EU's page on the SEC website