CanAlaska Announces Closing of $1,120,000 Private Placement

CanAlaska Uranium (TSXV:CVV) has announced that it has closed a non-brokered private placement financing previously announced on June 20 and 21, 2016, having issued 2 million units for gross proceeds of $1,120,000.
As quoted in the press release:

In connection with this financing, and in compliance with the policies of the TSX Venture Exchange, the Company paid finder’s fees totaling $78,400 cash and 140,000 finder’s warrants. Each finder’s warrant is non-transferable and exercisable for one common share of the Company at a price of $0.70/share for a two year period, provided that if the closing price of the Company’s common shares listed on the TSX Venture Exchange exceeds $1.00/share for 10 consecutive trading days, then at any time thereafter the Company may accelerate the exercise period of the warrants to reduce it to a period expiring 10 calendar days after the date express written notice of such acceleration is provided by the Company to the warrant holders.
All securities issued under this private placement will be subject to a four month and one day hold period in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

Click here to read the full press release.