GoviEx ups private placement to $8M on strong demand led by Zambian investors

  • GoviEx Uranium Inc (TSX-V:GXU, OTCQX:GVXXF) said on Thursday it is increasing its previously announced private placement financing to up to C$8 million, citing strong investor interest led by a strategic group from Zambia keen to see the company's Muntanga uranium project move into production. The company now plans to issue up to 160 million units at a price of C$0.05 per unit, up from its earlier plan to issue 150 million units for C$7.5 million, it said in a statement.