Westwater Resources raises $5M via convertible notes with $0.63/share conversion price

WESTWATER RESOURCES, INC.

Issued $5M aggregate principal amount of senior convertible notes to institutional investors in registered direct offering.
Notes convertible at $0.63/share, 24-month maturity, 18% default interest rate.
Monthly amortization payments in cash or common stock; 115% prepayment premium available.
Company to seek stockholder approval for conversions exceeding 19.9% of outstanding shares; directors agree to vote in favor.
Beneficial ownership cap of 9.99% on conversion to comply with NYSE American rules.

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