Battery Metals

Western Uranium (CSE:WUC) announces that it has closed a third and final tranche of its previously announced non-brokered private placement. As quoted in the press release: At this closing, the Company raised gross proceeds of Cdn$34,000 through the issuance of 20,000 units at a price of Cdn$1.70 per unit. The total raised under the three …

Western Uranium (CSE:WUC) announces that it has closed a third and final tranche of its previously announced non-brokered private placement.
As quoted in the press release:

At this closing, the Company raised gross proceeds of Cdn$34,000 through the issuance of 20,000 units at a price of Cdn$1.70 per unit. The total raised under the three tranches of this non-brokered private placement (the “Offering”) of 465,347 units at a price of Cdn$1.70 per unit (the “Units”) is therefore Cdn$791,090, subject to regulatory compliance.
Each Unit consists of one common share of the Company (a “Share”) plus one (1) common share purchase warrant of the Company (each whole such warrant, a “Warrant”). Each Warrant entitles the holder to purchase one Share at a price of Cdn$2.60 for a period of 5 years.
All the securities issued under the Offering were issued in a private placement in Canada under an exemption from the prospectus requirement. No commission was paid in connection with any of the three tranches of private placement.

Click here for the full press release.

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