By Sheri Kasprzak
New York, May 7 - Macusani Yellowcake Inc. concluded a C$5 million private placement.
The company sold 6,666,667 units at C$0.75 each.
The units include one share and one half-share warrant. Each whole warrant is exercisable at C$1.00 for one year.
The offering was not brokered.
Proceeds will be used for exploration on the company's uranium properties and for working capital.
Toronto-based Macusani is a uranium exploration company.
| Issuer: | Macusani Yellowcake Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$5 million
|
| Units: | 6,666,667
|
| Price: | C$0.75
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$1.00
|
| Placement agent: | Non-brokered
|
| Settlement date: | May 7
|
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