- Basin Uranium (NCLR) has announced non-brokered private placements for gross proceeds of $2,000,000
- The company will issue units for $0.15 and flow-through shares for $0.18 per share
- The gross proceeds of the flow-through shares will be used for expenses related to the company’s Mann Lake uranium project in Saskatchewan
- The offerings are expected to close on or about October 11, 2022
- Basin Uranium is a Canadian junior exploration company focused on mineral exploration and development in the green energy sector
- Basin Uranium Corp. (NCLR) opened trading at C$0.24
Basin Uranium (NCLR) has announced non-brokered private placements for gross proceeds of $2,000,000.
The company will issue units for $0.15 and flow-through shares for $0.18 per share. Each unit will consist of one common share and one share purchase warrant.
The gross proceeds of the flow-through shares will be used for expenses related to the company’s Mann Lake uranium project in Saskatchewan. Exploration is currently underway at the project, and funds from the FT private placement will be used to expand the company’s ongoing phase two drill program. Proceeds from the units will be used to conduct exploration and development work on its Wray Mesa project and for general working capital purposes.
The offerings are expected to close on or about October 11, 2022.
All securities issued will be subject to a statutory four-month hold period.
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) opened trading at C$0.24.