Global Uranium Corp. has announced a private placement to raise funds for Canadian exploration expenses. The company will issue flow-through shares to qualified purchasers, allowing them to claim tax deductions for exploration expenditures. The proceeds will be used to advance key uranium projects in Saskatchewan, Canada, and Wyoming, USA.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES”) at a price of $0.95 per Warrant Share for a period of twenty-four months from the date of issuance. The FT Shares are intended to qualify as “flow through shares” within the meaning of theIn connection with the Private Placement the Company will be settling finders' fees of $92,500 in cash to an eligible finder.
All securities issued pursuant to the Private Placement are subject to a hold period expiring April 23, 2025, being the date that is four months and one day from the date of issuance, in accordance with applicable securities legislation. Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance.
Although such statements are based on reasonable assumptions of the Company’s management, there can be no assurance that any conclusions or forecasts will prove to be accurate.
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