October 28, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Uranium Energy Corp. (AMEX: UEC) said that it has completed a private placement financing involving the sale of an aggregate of 8,111,313 units of the company  at a price of $3.40 per unit for gross proceeds of $27,578,464.20.

Each unit is comprised of one common share of common stock and one-half of one transferable common stock purchase warrant of the company, with each such whole warrant being exercisable for one additional common share of the company at an exercise price of $3.95 per Warrant Share for a period of one year from closing.

Texas-based Uranium Energy is an exploration company with the objective of near-term uranium production in the U.S. 

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