The Conversation (0)
- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Top Stocks
Top Resource Stocks
Top Tech Stocks
Top Life Science Stocks
Trending
Trending Articles
Trending Press Releases
Trending Companies
Trending Reports
Resource
Popular Lists
Investing Ideas
Outlook Reports
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
Investing Guides
Tech
Popular Lists
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
Investing Ideas
Outlook Reports
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
Investing Guides
Life Science
Popular Lists
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
Outlook Reports
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Investing Guides
Western Uranium Corporation Announces a Non-Brokered Private Placement of Up to Cdn$500,000
Apr. 04, 2016 08:42AM PST
Company News
Western Uranium Corporation (CSNX:WUC) (OTC PINK:WSTRF) announced a non-brokered private placement on the following terms:
Western Uranium Corporation (CSNX:WUC) (OTC PINK:WSTRF) announced a non-brokered private placement on the following terms:
| Gross Proceeds: | Approximately $500,000 in Canadian funds. |
| Offering: | Non-brokered private placement of approximately 295,000 common share units (‘Units’). |
| Offering Price: | Cdn $1.70 per each common share unit each unit consisting of one (1) common share plus one full common share purchase warrant. |
| Warrants: | Each full common share purchase warrant shall entitle the holder to purchase one common share at the exercise price of Cdn$2.60 for a term of 5 years from the closing date of the Offering. |
| Over Allotment Option: | The Company may at its discretion sell additional common share units of up to fifty per cent (50%) of the Gross Proceeds of the Offering. |
| Prospectus Exemption: | The offering will only be eligible to be purchased by subscribers who are “accredited investors” or who qualify under another exemption from prospectus requirements in the jurisdictions where the Offering is sold. |
| Statutory Hold: | All shares issued under the Offering will be subject to a 4 month and one (1) day hold period, as well as any other mandatory hold period(s) imposed under applicable laws and regulations. |
| Use of Proceeds: | The proceeds of the Offering will be used for the costs of completion of the Black Range Minerals Limited transaction, the further development, permitting and licensing of the Ablation Technology, the costs of the OTCQX listing, mine planning and preparation, the additional hiring of specialized personnel, and for working capital purposes. |
| Finders’ Fee: | A 5% finder s’ fee in cash or Units may be paid to qualified persons at the discretion of the Company. |
| Closing Date: | On or about April 8, 2016. |
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.