By Sheri Kasprzak
New York, Dec. 14 - Anglo Canadian Uranium Corp. said it plans to raise C$1 million in a private placement.
The company is offering 2 million units at C$0.50 each.
The units include one flow-through share and one half-share warrant. The whole warrants are exercisable at C$0.40 each for the first year and at C$0.50 each for the second.
Proceeds will be used for exploration on the company's Lucky Boy and Stirrup properties in British Columbia.
Anglo Canadian is a Vancouver, B.C.-based uranium exploration company.
| Issuer: | Anglo Canadian Uranium Corp.
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| Issue: | Units of one flow-through share and one half-share warrant
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| Amount: | C$1 million (maximum)
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| Units: | 2 million (maximum)
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| Price: | C$0.50
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.40 for the first year; C$0.50 for the second year
|
| Pricing date: | Dec. 14
|
| Stock price: | C$0.35 at close Dec. 14
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