Funds used to advance uranium projects, for general corporate purposes
By Devika Patel
Knoxville, Tenn., March 13 – Laramide Resources Ltd. said it completed a C$2 million non-brokered private placement of units.
The company sold 5,714,282 units of one common share and one half-share warrant at C$0.35 per unit. Each whole, three-year warrant is exercisable at C$0.45, a 25% premium to the March 12 closing share price of C$0.36.
Proceeds will be used to advance uranium projects and for general corporate purposes.
Based in Toronto, Laramide is a uranium exploration company.
| Issuer: | Laramide Resources Ltd.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$2 million
|
| Units: | 5,714,282
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | C$0.45
|
| Agent: | Non-brokered
|
| Settlement date: | March 13
|
| Stock symbol: | Toronto: LAM
|
| Stock price: | C$0.36 at close March 12
|
| Market capitalization: | C$28.05 million
|
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