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Strathmore Plus Uranium Corporation (TSXV:SUU) announces private placement

Mining, The Market Online Deal Room
TSXV:SUU
07 October 2022 16:00 (EST)

Strathmore Plus Uranium Corporation (SUU) has announced a non-brokered private placement to raise gross proceeds of up to $600,000.

The company will issue 1,818,181 units at $0.33 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share for a period of 24 months.

Proceeds will be used for general working capital purposes.

All securities issued will be subject to a statutory four-month hold period.

Strathmore Plus is a uranium exploration company focused on in-situ recoverable uranium deposits in the State of Wyoming.

Strathmore Plus Uranium Corp. (SUU) is 7.14 per cent on the day, trading at C$0.30 per share at 3:30 pm ET.


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