0001144204-19-030277.txt : 20190607 0001144204-19-030277.hdr.sgml : 20190607 20190607154113 ACCESSION NUMBER: 0001144204-19-030277 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20190607 DATE AS OF CHANGE: 20190607 GROUP MEMBERS: ALEX NOAH INVESTORS, INC. GROUP MEMBERS: JONATHAN I. COPE GROUP MEMBERS: JOSHUA B. SCHEINFELD GROUP MEMBERS: LINCOLN PARK CAPITAL, LLC GROUP MEMBERS: ROCKLEDGE CAPITAL CORP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WESTWATER RESOURCES, INC. CENTRAL INDEX KEY: 0000839470 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 752212772 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-40754 FILM NUMBER: 19885553 BUSINESS ADDRESS: STREET 1: 6950 S. POTOMAC STREET STREET 2: SUITE 300 CITY: CENTENNIAL STATE: CO ZIP: 80112 BUSINESS PHONE: (303) 531-0470 MAIL ADDRESS: STREET 1: 6950 S. POTOMAC STREET STREET 2: SUITE 300 CITY: CENTENNIAL STATE: CO ZIP: 80112 FORMER COMPANY: FORMER CONFORMED NAME: URANIUM RESOURCES INC /DE/ DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Lincoln Park Capital Fund, LLC CENTRAL INDEX KEY: 0001592644 IRS NUMBER: 010939472 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 440 NORTH WELLS STREET STREET 2: SUITE 410 CITY: CHICAGO STATE: IL ZIP: 60654 BUSINESS PHONE: 312-822-9300 MAIL ADDRESS: STREET 1: 440 NORTH WELLS STREET STREET 2: SUITE 410 CITY: CHICAGO STATE: IL ZIP: 60654 SC 13G 1 tv523278_sc13g.htm SC 13G

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. __)*

 

WESTWATER RESOURCES, INC.
(Name of Issuer)
 
COMMON STOCK, $0.001 PAR VALUE
(Title of Class of Securities)
 
961684206
(CUSIP Number)
 
May 30, 2019
(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨Rule 13d-1(b)
þRule 13d-1(c)
¨Rule 13d-1(d)

 

(Page 1 of 13 Pages)

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

SCHEDULE 13G

 

CUSIP NO.  961684206 Page 2 of 13

 

1

NAMES OF REPORTING PERSONS

 

Lincoln Park Capital Fund, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  ¨

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

Illinois

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH:

5

SOLE VOTING POWER

0

6

SHARED VOTING POWER

104,294

7

SOLE DISPOSITIVE POWER

0

8

SHARED DISPOSITIVE POWER

104,294

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

104,294

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ¨

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

6.50%

12

TYPE OF REPORTING PERSON

OO

 

 

 

 

SCHEDULE 13G

 

CUSIP NO.  961684206 Page 3 of 13

 

1

NAMES OF REPORTING PERSONS

 

Lincoln Park Capital, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  ¨

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

Illinois

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH:

5

SOLE VOTING POWER

0

6

SHARED VOTING POWER

104,294

7

SOLE DISPOSITIVE POWER

0

8

SHARED DISPOSITIVE POWER

104,294

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

104,294

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

6.50%

12

TYPE OF REPORTING PERSON

OO

 

 

 

 

SCHEDULE 13G

 

CUSIP NO.  961684206 Page 4 of 13

 

1

NAMES OF REPORTING PERSONS

 

Rockledge Capital Corporation

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  ¨

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

Texas

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH:

5

SOLE VOTING POWER

0

6

SHARED VOTING POWER

104,294

7

SOLE DISPOSITIVE POWER

0

8

SHARED DISPOSITIVE POWER

104,294

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

104,294

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

6.50%

12

TYPE OF REPORTING PERSON

CO

 

 

 

 

SCHEDULE 13G

 

CUSIP NO.  961684206 Page 5 of 13

 

1

NAMES OF REPORTING PERSONS

 

Joshua B. Scheinfeld

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  ¨

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH:

5

SOLE VOTING POWER

0

6

SHARED VOTING POWER

104,294

7

SOLE DISPOSITIVE POWER

0

8

SHARED DISPOSITIVE POWER

104,294

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

104,294

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

6.50%

12

TYPE OF REPORTING PERSON

IN

 

 

 

 

SCHEDULE 13G

 

CUSIP NO.  961684206 Page 6 of 13

 

1

NAMES OF REPORTING PERSONS

 

Alex Noah Investors, Inc.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  ¨

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

Illinois

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH:

5

SOLE VOTING POWER

0

6

SHARED VOTING POWER

104,294

7

SOLE DISPOSITIVE POWER

0

8

SHARED DISPOSITIVE POWER

104,294

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

104,294

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

6.50%

12

TYPE OF REPORTING PERSON

CO

 

 

 

 

SCHEDULE 13G

 

CUSIP NO.  961684206 Page 7 of 13

 

1

NAMES OF REPORTING PERSONS

 

Jonathan I. Cope

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  ¨

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH:

5

SOLE VOTING POWER

0

6

SHARED VOTING POWER

104,294

7

SOLE DISPOSITIVE POWER

0

8

SHARED DISPOSITIVE POWER

104,294

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

104,294

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

6.50%

12

TYPE OF REPORTING PERSON

IN

 

 

 

 

SCHEDULE 13G

 

CUSIP NO.  961684206 Page 8 of 13

 

Item 1.

 

(a)Name of Issuer:

 

Westwater Resources, Inc., a Delaware corporation (“Issuer”)

 

(b)Address of Issuer’s Principal Executive Offices:

  

6950 South Potomac Street, Suite 300

Centennial, Colorado 80112

 

Item 2.  

 

(a)Name of Person Filing:

 

Lincoln Park Capital Fund, LLC (“LPC Fund”)

 

Lincoln Park Capital, LLC (“LPC”)

 

Rockledge Capital Corporation (“RCC”)

 

Joshua B. Scheinfeld (“Mr. Scheinfeld”)

 

Alex Noah Investors, Inc. (“Alex Noah”)

 

Jonathan I. Cope (“Mr. Cope” and, collectively with LPC Fund, LPC, RCC, Mr. Scheinfeld and Alex Noah, the “Reporting Persons”)

 

(b)Address of Principal Business Office, or if None, Residence:

 

The address of the principal business office of each of the Reporting Persons is:

 

440 North Wells, Suite 410

Chicago, Illinois 60654

 

(c)Citizenship:

 

LPC Fund is an Illinois limited liability company

 

LPC is an Illinois limited liability company

 

RCC is a Texas corporation

 

Mr. Scheinfeld is a United States citizen

 

 

 

 

SCHEDULE 13G

 

CUSIP NO.  961684206 Page 9 of 13

 

Alex Noah is an Illinois corporation

 

Mr. Cope is a United States citizen

 

(d)Title of Class of Securities:

 

Common Stock, $0.001 par value (“Common Stock”)

 

(e)CUSIP Number:

 

961684206

 

Item 3.  

 

If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

 

(a) ¨ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
(b) ¨ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) ¨ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
(d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) ¨ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
(f) ¨ An employee benefit plan or endowment fund in accordance with §240. 13d-1(b)(1)(ii)(F);
(g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
(h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) ¨ A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
(k) ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(K).

 

If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution ________________

 

 

 

 

SCHEDULE 13G

 

CUSIP NO.  961684206 Page 10 of 13

 

Item 4. Ownership.

 

Reporting person 

Amount

beneficially

owned1:

  

Percent

of class2:

  

Sole power

to vote or

direct

the vote:

  

Shared

power to

vote or to

direct

the vote:

  

Sole power to

dispose or to

direct the

disposition of:

  

Shared power

to dispose or to

direct the

disposition of:

 
Lincoln Park Capital Fund, LLC   104,294    6.50%   0    104,294    0    104,294 
Lincoln Park Capital, LLC   104,294    6.50%   0    104,294    0    104,294 
Rockledge Capital Corporation   104,294    6.50%   0    104,294    0    104,294 
Joshua B. Scheinfeld   104,294    6.50%   0    104,294    0    104,294 
Alex Noah Investors, Inc.   104,294    6.50%   0    104,294    0    104,294 
Jonathan I. Cope   104,294    6.50%   0    104,294    0    104,294 

 

 

1Represents 104,294 shares of Common Stock purchased by LPC Fund directly from the Issuer in a private placement transaction completed on May 30, 2019 (the “May 2019 Private Placement”). The amount beneficially owned excludes 182,515 shares of Common Stock underlying warrants that were also purchased by LPC Fund from the Issuer on the same date in the May 2019 Private Placement, because such warrants cannot be exercised prior to November 30, 2019 (the “Initial Exercise Date”), which is more than 60 days after the date of this statement. Such warrants may be exercised for a period of five years following the Initial Exercise Date at an exercise price of $5.062 per share (subject to adjustment as provided in the warrants), subject to a 9.99% beneficial ownership cap that prohibits the issuance of shares of Common Stock upon exercise of the warrants to the extent such issuance would cause the holder’s beneficial ownership of Common Stock (as calculated pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and Rule 13d-3 promulgated thereunder) to exceed 9.99% of the outstanding Common Stock. The warrants include a customary “cashless” exercise provision, which may be used to acquire underlying shares of Common Stock if at the time of exercise an effective registration statement registering the resale of such shares under the Securities Act of 1933, as amended (the “Securities Act”), is not available to the warrant holder.

 

2Based on information contained in the Issuer’s registration statement on Form S-3 filed with the Securities and Exchange Commission (the “SEC”) on June 3, 2019, there were a total of 1,598,218 shares of Common Stock outstanding as of May 30, 2019, which number of outstanding shares includes the 104,294 shares of Common Stock that were purchased by LPC Fund directly from the Issuer on May 30, 2019 in the May 2019 Private Placement and excludes the 182,515 shares of Common Stock currently underlying the warrants that were also purchased by LPC Fund in the May 2019 Private Placement, because such warrants cannot be exercised prior to the Initial Exercise Date, which is more than 60 days after the date of this statement.

 

As of June 7, 2019, LPC Fund beneficially owns, directly, the following securities of the Issuer, all of which were purchased by LPC Fund directly from the Issuer on May 30, 2019 in the May 2019 Private Placement: (i) 104,294 shares of Common Stock, all of which shares are currently outstanding, and (ii) warrants to purchase up to 182,515 shares of Common Stock, none of which shares are currently outstanding. Pursuant to Rule 13d-3(d)(1)(i) under the Exchange Act, as of June 7, 2019, LPC Fund does not beneficially own the 182,515 shares of Common Stock underlying the warrants purchased by LPC Fund in the May 2019 Private Placement, because such warrants are not exercisable until the Initial Exercise Date of November 30, 2019 and, therefore, none of the shares of Common Stock underlying the warrants may be acquired by LPC Fund within 60 days of June 7, 2019. After the Initial Exercise Date, the warrants may be exercised for a period of five years thereafter, at an exercise price of $5.062 per share (subject to adjustment as provided in the warrants), subject to a 9.99% beneficial ownership cap that prohibits the issuance of shares of Common Stock upon exercise of the warrants to the extent such issuance would cause the warrant holder’s beneficial ownership of Common Stock (as calculated pursuant to Section 13(d) of the Exchange Act and Rule 13d-3 promulgated thereunder) to exceed 9.99% of the outstanding Common Stock. The warrants include a customary “cashless” exercise provision, which may be used to acquire underlying shares of Common Stock if at the time of exercise an effective registration statement registering the resale of such shares under the Securities Act is not available to the warrant holder.

 

 

 

 

SCHEDULE 13G

 

CUSIP NO.  961684206 Page 11 of 13

 

LPC is the Managing Member of LPC Fund.  RCC and Alex Noah are the Managing Members of LPC.  Mr. Scheinfeld is the president and sole shareholder of RCC, as well as a principal of LPC.  Mr. Cope is the president and sole shareholder of Alex Noah, as well as a principal of LPC. As a result of the foregoing, Mr. Scheinfeld and Mr. Cope have shared voting and shared investment power over the shares of Common Stock of the Issuer held directly by LPC Fund.

 

Pursuant to Section 13(d) of the Act and the rules thereunder, each of LPC, RCC, Mr. Scheinfeld, Alex Noah, and Mr. Cope may be deemed to be a beneficial owner of the shares of Common Stock of the Issuer beneficially owned directly by LPC Fund.

 

Pursuant to Rule 13d-4 of the Act, each of LPC, RCC, Mr. Scheinfeld, Alex Noah, and Mr. Cope disclaims beneficial ownership of the shares of Common Stock of the Issuer held directly by LPC Fund.

 

Item 5. Ownership of Five Percent or Less of a Class.

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ¨.

 

Item 6.

Ownership of More Than Five Percent on Behalf of Another Person.

 

Not applicable.

 


Item 7.
Identification and Classification of Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

 

Not applicable.

 

Item 8. Identification and Classification of Members of the Group.

 

Not applicable.

 

 

 

 

SCHEDULE 13G

 

CUSIP NO.  961684206 Page 12 of 13

 

Item 9. Notice of Dissolution of Group.

 

  Not applicable.

 

Item 10. Certifications.

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

 

 

 

SCHEDULE 13G

 

CUSIP NO.  961684206 Page 13 of 13

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated:  June 7, 2019

 

LINCOLN PARK CAPITAL FUND, LLC          LINCOLN PARK CAPITAL, LLC
BY: LINCOLN PARK CAPITAL, LLC       BY: ROCKLEDGE CAPITAL CORPORATION
BY: ROCKLEDGE CAPITAL CORPORATION    
     
By: /s/ Joshua B. Scheinfeld    By:  /s/ Joshua B. Scheinfeld
  Name: Joshua B. Scheinfeld     Name: Joshua B. Scheinfeld
  Title: President     Title: President

 

LINCOLN PARK CAPITAL FUND, LLC   LINCOLN PARK CAPITAL, LLC
BY: LINCOLN PARK CAPITAL, LLC   BY: ALEX NOAH INVESTORS, INC.
BY: ALEX NOAH INVESTORS, INC.    
     
By: /s/ Jonathan I. Cope   By:  /s/ Jonathan I. Cope
  Name: Jonathan I. Cope     Name: Jonathan I. Cope
  Title: President     Title: President

 

ROCKLEDGE CAPITAL CORPORATION    ALEX NOAH INVESTORS, INC.
     
By: /s/ Joshua B. Scheinfeld   By: /s/ Jonathan I. Cope
  Name: Joshua B. Scheinfeld     Name: Jonathan I. Cope
  Title: President     Title: President

 

JOSHUA B. SCHEINFELD    JONATHAN I. COPE
     
By: /s/ Joshua B. Scheinfeld   By: /s/ Jonathan I. Cope
  Name: Joshua B. Scheinfeld     Name: Jonathan I. Cope
  Title: President     Title: President

 

 

 

 

LIST OF EXHIBITS

 

Exhibit No.     Description
     
1   Joint Filing Agreement

 

 

 

EX-99.1 2 tv523278_ex-1.htm EXHBIT 1

 

EXHIBIT 1

 

Joint Filing Agreement

 

The undersigned hereby agree that they are filing this statement jointly pursuant to Rule 13d-1(k)(1). Each of them is responsible for the timely filing of such Schedule 13G, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.

 

In accordance with Rule 13d-1(k)(1) promulgated under the Securities and Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with each other on behalf of each of them of such Schedule 13G with respect to the Common Shares of the Issuer, beneficially owned by each of them. This Joint Filing Agreement shall be included as an exhibit to such Schedule 13G.

 

[Signature Page Follows]

 

 

 

 

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of June 7, 2019.

 

LINCOLN PARK CAPITAL FUND, LLC   LINCOLN PARK CAPITAL, LLC
BY: LINCOLN PARK CAPITAL, LLC   BY: ROCKLEDGE CAPITAL CORPORATION
     
BY: ROCKLEDGE CAPITAL CORPORATION    
     
By: /s/ Joshua B. Scheinfeld   By: /s/ Joshua B. Scheinfeld
  Name: Joshua B. Scheinfeld     Name: Joshua B. Scheinfeld
  Title: President     Title: President
     
LINCOLN PARK CAPITAL FUND, LLC   LINCOLN PARK CAPITAL, LLC
BY: LINCOLN PARK CAPITAL, LLC   BY: ALEX NOAH INVESTORS, INC.
BY: ALEX NOAH INVESTORS, INC.  
       
By: /s/ Jonathan I. Cope   By: /s/ Jonathan I. Cope
  Name: Jonathan I. Cope     Name: Jonathan I. Cope
  Title: President     Title: President
     
ROCKLEDGE CAPITAL CORPORATION   ALEX NOAH INVESTORS, INC.
     
By: /s/ Joshua B. Scheinfeld   By: /s/ Jonathan I. Cope
  Name: Joshua B. Scheinfeld     Name: Jonathan I. Cope
  Title: President     Title: President
     
JOSHUA B. SCHEINFELD   JONATHAN I. COPE
     
By: /s/ Joshua B. Scheinfeld   By: /s/ Jonathan I. Cope
  Name: Joshua B. Scheinfeld     Name: Jonathan I. Cope
  Title: President     Title: President