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Posted by
Two Blokes Jul 15 -
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Stock
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Uranium American Resources Inc. (OTC:TNGL) said it has secured a $3.5 million equity investment from a US institutional investor to complete its acquisition of JAG Minerals Pty Ltd. The financing, structured as a unit transaction, was priced at $0.06 per share—representing a significant premium to UAR's current share price—and includes one warrant per share allowing the investor to purchase additional shares at $0.10 for up to 48 months.