Athabasca Uranium Closes $2.87 Million financing

Athabasca Uranium Inc. (TSXV:UAX,PINK:ATURF) reports that it has closed its private placement.

The press release is quoted as saying:

All securities issued in the Offering will be subject to a hold period which expires July 12, 2011.  Proceeds of the Offering will be used to fund exploration programs on the Company’s prospective uranium properties located in the Athabasca Basin in Saskatchewan and for general working capital and corporate purposes.

Click here to access the entire news release.

Click here to access Athabasca uranium’s company profile.