Flash Note: US$100M SPUT Bought Deal

Sprott Physical Uranium Trust (SPUT) announced that it has entered into an agreement with Canaccord Genuity to purchase on a bought deal basis 5.8M units of the Trust at $17.25/unit for gross proceeds of US$100M. The closing date on the Offering will be this Friday, June 20th.

As you likely recall, when Sprott Uranium Trust Raises $25.55M at NAV on May 12th, we wrote about this very scenario unfolding again. Just over a month later, here we are.