• Puranium Energy (UX) has closed the first tranche of a private placement offering
  • Under the first tranche, the company issued 1,388,000 units for gross proceeds of $200,700
  • Puranium Energy is focused on the exploration of its 85 per cent interest in seven EPLs (Estate Uranium Properties) in Namibia
  • Puranium Energy Ltd. (UX) opened trading at C$0.165

Puraniuma Energy (UX) has closed the first tranche of a private placement of up to 3,333,333 units for proceeds of up to $500,000.

Under the first tranche, the company issued 1,388,000 units for gross proceeds of $200,700. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share for $0.25 within two years.

Puranium Energy is focused on the uranium exploration of its 85 per cent interest in seven EPLs (Estate Uranium Properties) totalling 93,514 hectares in the Erongo Province of Namibia, accounting for approximately 8 per cent of the world’s uranium production. The company also has the option to purchase a 100 per cent interest in 35 mineral claims in Ontario.

Puranium Energy Ltd. (UX) opened trading at C$0.165.


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