- Standard Uranium (STND) has upsized its non-brokered private placement for gross proceeds of up to C$4,500,000
- The company has closed the first tranche for gross proceeds of $2,171,830
- Non-flow-through units will be offered at $0.11, and flow-through units will be offered at $0.13
- The company intends to use the net proceeds for the exploration of the company’s projects and working capital purposes
- Standard Uranium is a mineral resource exploration company based in Vancouver, British Columbia
- Standard Uranium Ltd. is unchanged on the day, trading at $0.105 per share at 1:15 pm ET
Standard Uranium (STND) has upsized its previously-announced non-brokered private placement for gross proceeds of up to $4,500,000.
Non-flow-through units will be offered at $0.11, and flow-through units will be offered at $0.13.
Each unit will consist of one common share and one-half of one common share purchase warrant.
The company has closed the first tranche issuing 9,173,259 units and 8,944,400 flow-through units for gross proceeds of $2,171,830.
Net proceeds raised from the offering will be used to fund the exploration of the company’s projects and for working capital purposes.
Standard Uranium is a mineral resource exploration company based in Vancouver, British Columbia.
Standard Uranium Ltd. (STND) is unchanged on the day, trading at $0.105 per share at 1:15 pm ET.