Traction Uranium Corp. has successfully closed a non-brokered private placement of convertible debentures, generating C$500,000 in gross proceeds. Each debenture, valued at C$1,000, will mature in 12 months and bear 10% interest annually. Holders can convert debentures into units at a conversion price based on the company’s closing share price. The funds raised will go towards general administrative expenses and working capital. Securities issued will be subject to a four-month hold period. The company is focused on mineral exploration, particularly in Canada, with a uranium project in the Athabasca Region.

This news release is not intended for distribution in the United States. Traction Uranium Corp. (CSE: TRAC) engages in mineral exploration and development projects in Canada, including a uranium project in the Athabasca Region. Forward-looking statements in the press release outline the company’s expectations for the offering and use of proceeds. Risks associated with exploration and development activities are highlighted, emphasizing the importance of careful planning and financial oversight. The company is not obligated to update forward-looking information, and investors are advised to exercise caution.

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