- Basin Uranium (NCLR) has closed its non-brokered private placement for total gross proceeds of $1,602,245
- Under the first tranche, the company issued 6,249,270 units and 557,000 FT shares
- Under the final tranche, the company issued 3,763,966 units for gross proceeds of $564,595
- The company issued a total of 10,013,236 units and 557,000 FT shares
- Basin Uranium is a Canadian junior exploration company focused on mineral exploration and development in the green energy sector
- Basin Uranium Corp. (NCLR) is up 7.41 per cent on the day, trading at C$0.145 per share at 9:30 am ET
Basin Uranium (NCLR) has closed its previously-announced non-brokered private placement for total gross proceeds of $1,602,245.
Under the final tranche, the company issued 3,763,966 units for gross proceeds of $564,595. The company issued a total of 10,013,236 units and 557,000 FT shares. Each unit is comprised of one common share and one share purchase warrant. Each warrant may be exercised to purchase one additional share until November 15, 2024.
The company will use funds from the private placement to conduct exploration and development work on its Wray Mesa project and for general working capital purposes.
All securities issued are subject to a statutory four-month hold period ending on March 16, 2023.
Basin Uranium is a Canadian junior exploration company focused on mineral exploration and development in the green energy sector. The company owns the Wray Mesa project in Utah, which has seen significant historic uranium and vanadium exploration.
Basin Uranium Corp. (NCLR) is up 7.41 per cent on the day, trading at C$0.145 per share at 9:30 am ET.
