Global Uranium Corp. closed C$2,450,000 private placement for Canadian exploration expenses

From GlobeNewswire.: 2024-12-23 19:35:30

Global Uranium Corp. has closed a non-brokered flow-through private placement, raising C$2,450,000. 3,266,666 flow-through units were sold at $0.75 per unit, each consisting of one flow-through common share and one-half of one non-flow-through common share purchase warrant. A finder’s fee of $92,500 was settled in cash. The proceeds will fund Canadian exploration expenses, with all securities subject to a hold period until April 23, 2025. The company focuses on uranium projects in North America, including properties in Saskatchewan, Canada, and Wyoming, USA. The management team can be contacted at [email protected].

The news release does not offer securities in the United States and the securities have not been registered under the U.S. Securities Act. Forward-looking statements in the press release relate to the Private Placement closing, use of proceeds, and qualification of FT Shares under the Tax Act. Risks include potential deviation from expected use of proceeds, failure to incur necessary exploration expenses, and regulatory and operational risks. The forward-looking information is current as of the release date and may be subject to change. The Canadian Securities Exchange has not reviewed or approved the contents of the press release.



Read more at GlobeNewswire.: Global Uranium Corp. Closes Private Placement