Western Uranium Announces the Initial Closing of Non-Brokered Private Placement

Western Uranium Corporation (CSNX:WUC) (OTC PINK:WSTRF) announced that further to its news release dated April 4, 2016, it has completed an initial Closing of Cdn.$680,760 of its non-brokered private placement of 400,447 units, subject to final approval from the Canadian Securities Exchange.
The Company intends to use the gross proceeds of the Offering for costs of completion of the Black Range Minerals Limited transaction including the payment of Black Range Payables, the further development, permitting and licensing of the Ablation Mining Technology, the costs of the OTCQX listing, the Sunday Complex mine planning and preparation, the additional hiring of specialized personnel and for working capital purposes.
Connect with Western Uranium Corporation (CSNX:WUC) (OTC PINK:WSTRF) to receive an Investor Presentation.