- CanAlaska Uranium (CVV) has upsized its private placement to $10M
- The offering will be a combination of flow-through units and flow-through units to be sold to charitable purchasers
- The flow-through units of the company will be sold at $0.52 per unit, while the flow-through units to be sold to charitable purchasers will be sold at $0.70 per charity FT unit
- CanAlaska Uranium Ltd. is engaged in the exploration of uranium, nickel, and diamond properties
- CanAlaska Uranium Ltd. (CVV) opened trading at C$0.435
CanAlaska Uranium (CVV) has upsized its previously-announced private placement to $10M.
The offering will be a combination of flow-through units of the company and flow-through units to be sold to charitable purchasers.
The flow-through units of the company will be sold at a price of $0.52 per FT Unit, while the flow-through units to be sold to charitable purchasers will be sold at a price of $0.70 per charity FT unit.
Each warrant will entitle the holder to purchase one common share of the company at a price of $0.75 for a period of 36 months after the closing date of the offering.
The gross proceeds received from the sale of the units will be used to execute programs on the company’s exploration properties.
CanAlaska Uranium Ltd. is engaged in the exploration of uranium, nickel, and diamond properties. It holds interests in approximately 300,000 hectares (750,000 acres) in Canada’s Athabasca Basin.
All securities issued will be subject to a statutory four-month hold period.
CanAlaska Uranium Ltd. (CVV) opened trading at C$0.435.
