Baselode Energy Corp. ("Baselode" or the "Company") (TSXV: FIND) is pleased to announce a non-brokered private placement of flow-through units (the "FT Units") and non-flow-through units (the "NFT Units") for gross proceeds of up to $1,200,000 (the "Offering"). Red Cloud Securities Inc. is acting as a finder in connection with the Offering.

"The company recently received final results from the Mobile MT survey at our 100% owned Shadow Project that are highlight attractive. The survey outlined an extensive structural network which shares geophysical similarities with other high-grade uranium deposits, such as NexGen's Arrow and Cameco's Key Lake deposits. This financing will allow us to initiate a maiden diamond drill program to test these shallow targets," said James Sykes, President & CEO

Each FT Unit is being offered at a price of C$0.26 and will be comprised of one common share of the Company and one half non flow-through common share purchase warrant (a "Warrant"). Concurrently, NFT Units will be offered at a price of $0.26 per NFT Unit consisting of one common share and one common share purchase warrant. One common share purchase warrant from either the FT Units or the NFT Units will entitle the holder to purchase one non flow-through common share of the Company at a price of $0.40 for a period expiring 30 months following the closing date of the Offering.

The net proceeds from the Offering will be used for general corporate purposes but primarily used for exploration work at the company's Shadow Project and Hook Project. Both projects are testing for basement uranium targets in the Athabasca Basin in Saskatchewan, Canada.

About Baselode Energy

Baseload is a uranium exploration company less than 29 million shares outstanding. Baselode is focused on discovering a uranium orebody in the Athabasca basin in Saskatchewan, Canada.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Baselode Energy Corp. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Baselode Energy Corp. Additional information identifying risks and uncertainties is contained in filings by the Company with Canadian securities regulators, which filings are available under Baselode Energy Corp. profile at

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.

SOURCE Baselode Energy

Cision View original content:

Baselode Energy Corp., FIND on the TSXV, James Sykes, President and CEO,, 306-221-8717, www.baselode.comCopyright CNW Group 2020

News Provided by Canada Newswire via QuoteMedia


Baselode Energy

Keep reading...Show less

UEX Corporation Announces Receipt Of Superior Proposal


UEX Corporation

Saskatoon, Saskatchewan TheNewswire - July 29, 2022 UEX Corporation (TSX:UEX) (OTC:UEXF) (" UEX " or the " Company ") announces that it has received an unsolicited non-binding proposal from Denison Mines Corp. (" Denison ") for the acquisition of all of the issued and outstanding common shares of UEX (the " Denison Offer "). The Board of Directors of the Company (the " Board ") has unanimously determined, after consultation with its financial and legal advisors, that the Denison Offer constitutes a "Superior Proposal" under the arrangement agreement dated June 13, 2022, as amended June 23, 2022, among UEX, Uranium Energy Corp. (" UEC ") and UEC 2022 Acquisition Corp. (the " UEC Arrangement Agreement ").

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Denison Confirms Superior Proposal for UEX Corporation

Denison Mines logo (CNW Group/Denison Mines Corp.)

Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) has noted the disclosure made by Uranium Energy Corp. ("UEC") in its news release dated July 28, 2022 . Denison hereby confirms that it has made a confidential proposal (an "Acquisition Proposal") to UEX Corporation ("UEX") to acquire all of the issued and outstanding shares of UEX.  UEX has reported that its Board of Directors, in consultation with its legal and financial advisors, has determined that the Acquisition Proposal constitutes a "Superior Proposal" as defined in the Arrangement Agreement between UEC and UEX dated June 13, 2022 ("Original Agreement").  Denison understands that notice of such determination was provided to UEC on July 28, 2022 . View PDF version

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Valor Resources Logo

Valor Resources Quarterly Cash Flow Report

Valor Resources Limited (Valor) or (the Company) (ASX: VAL) has released its Quarterly Cash Flow Report.
Keep reading...Show less
Valor Resources Logo

June 2022 Quarterly Activities Report

Valor Resources Limited (Valor) or (the Company) (ASX: VAL) is pleased to provide its activities report for the quarter ended 30 June 2022. Exploration activities in both Canada and Peru uncovered significant mineralisation in Uranium and Copper/Silver.

Keep reading...Show less

NexGen 2021 Drilling Assay Results Confirm Uranium Mineralization Below Arrow At Depth and Commencement of 2022 Regional Exploration Program

NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce drill assays from 2021 confirm discovery of a uranium mineralized zone below the known Arrow Deposit and at Camp East:

  • Below Arrow – multiple intersections of uranium mineralization were made significantly below Arrow, including 0.10% U 3 O 8 over 7.0 m in AR-21-268 from 1128 m to 1135 m down hole;
  • Camp East – uranium concentration of 0.10% U 3 O 8 in RK-21-140 from 166 m to 167 m down hole in association with brittle structure and hydrothermal alteration.

Further, NexGen has commenced 2022 drilling focused on regional exploration targets at the 100% owned Rook I project (the "Project"); and an extensive geophysical program over high priority areas of NexGen's mineral tenure in the southwest Athabasca Basin, Saskatchewan .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
GTI Energy

Planning Finalised for 100,000 ft Uranium Drilling Program

GTI Energy Ltd (GTI or Company) advises that planning is finalised, with permitting & bonding close to completion, for 100,000 ft of drilling at its Great Divide Basin (GDB) Project in Wyoming.


Keep reading...Show less

Latest Press Releases

Related News