​​GoviEx Uranium Inc. closes US$1.6 million initial public offering

Date Closed: 6/19/2014

Value: US$1.6 million

On June 19, 2014, GoviEx Uranium Inc. (GoviEx) announced that it had successfully closed its initial public offering (IPO) on the Canadian Securities Exchange (CSE), where its Class A common shares will begin trading under the symbol "GXU" on June 20, 2014. A total of 739,849 Class A common shares were issued in connection with the IPO financing, priced at US$2.15 per share, for gross proceeds of US$1,590,675.35.

GoviEx intends to use the net proceeds of the IPO, together with existing working capital, to fund the completion of an environmental and social impact assessment that together with the feasibility study will be used to file for a mining licence. 

Salman Partners Inc. acted as the agent for the IPO​.

BLG represented Salman Partners Inc. with a team led by G. Eric Doherty and including Shantela Blaeser, Melanie Bradley and Sienne Lam.