- Myriad Uranium (M) has closed a non-brokered private placement for gross proceeds of $550,000
- Myriad issued 2,200,000 units at a price of $0.25 per unit
- Net proceeds of the financing will be used for general working capital
- Myriad is a Vancouver-based mineral exploration company
- Myriad Uranium Corp. (M) opened trading at C$0.325
Myriad Uranium (M) has closed its previously announced non-brokered private placement for gross proceeds of $550,000.
Under the offering, Myriad issued 2,200,000 units at a price of $0.25 per unit. Each unit consists of one common share and one common share purchase warrant exercisable for 24 months at an exercise price of $0.30 per share.
Securities issued under the financing are subject to a four-month hold period expiring June 7, 2023.
The company did not pay any finder’s fees or issue any finder’s warrants in connection with the financing.
Net proceeds of the financing will be used for general working capital.
Certain directors and officers participated in the private placement.
Myriad Uranium Corp. is a Vancouver-based mineral exploration company with an option to earn a 100 per cent interest in over 1,800 km2 of uranium exploration licenses in the Tim Mersoï Basin, Niger. Myriad also has a 50 per cent interest in the Millen Mountain Property located in Nova Scotia.
Myriad Uranium Corp. (M) opened trading at C$0.325.