- Standard Uranium (STND) has announced a fully marketed, private placement for gross proceeds of up to $3,500,000
- The company will issue units priced at $0.11 and flow-through units priced at $0.13
- Net proceeds will be used for the exploration of the company’s Davidson River Project and for working capital purposes
- Standard Uranium is a Canada-based mineral resource exploration company focused on the development of exploration stage uranium projects
- Standard Uranium Ltd. (STND) opened trading at C$0.12
Standard Uranium (STND) has announced a fully marketed, private placement for gross proceeds of up to $3,500,000.
The company will issue units priced at $0.11 and flow-through units priced at $0.13. Each unit and FT unit will consist of one common share and one half of one common share purchase warrant. Each whole warrant may be exercised for a common share at a price of $0.17 within 24 months after the closing date of the offering.
The agents have the option to sell up to an additional $1,000,000 in any combination of units and FT units.
Net proceeds will be used for the exploration of the company’s Davidson River Project and for working capital purposes.
The offering is scheduled to close on or around June 27, 2022. All securities issued will be subject to a four-month hold period.
Standard Uranium is a Canada-based mineral resource exploration company focused on the development of exploration stage uranium projects in the Athabasca Basin in Saskatchewan.
Standard Uranium’s Davidson River Project is comprised of 21 mineral claims over 25,886 hectares.
Standard Uranium Ltd. (STND) opened trading at C$0.12.