Ur-Energy Announces Withdrawal of Prospectus
Ur-Energy Inc. has determined that its previously announced short form prospectus offering of common shares will not proceed at this time.
The Company filed a preliminary short form prospectus on February 11, 2011 and, at that time, the closing of the offering was anticipated to occur on or before March 1, 2011. The Company issued a news release on March 2, 2011 to provide an update on the anticipated closing date of the offering, which was rescheduled for mid-March. The Company is working to update its continuous disclosure record, including the preparation of an updated technical report in accordance with National Instrument 43-101. As a result of the delay, the offering will not proceed at this time. The Company confirmed that, as reported in its interim financial statements for the period ended September 30, 2010, the Company’s cash resources were C$34.7M.