Ucore Rare Metals Inc. has entered into an engagement letter with Research Capital Corporation, on behalf of a syndicate of agents, including Canaccord Genuity Corp. and Echelon Wealth Partners Inc., in connection with a ‘best efforts’ agency basis private placement of units of the Company at a price of $1.00 per Unit for minimum gross proceeds of $4.0 million and maximum gross proceeds of $5.35 million. Each Unit will consist of one common share in the capital of the Company and one-half of one Common Share purchase warrant . Each Warrant will entitle the holder thereof to purchase one Common Share for a period of 36 months following the closing date of the Offering at an exercise price of $1.25.
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